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Alabama Grants Legal Status to DAOs Following Wyoming Move Boosting Crypto Adoption
Alabama is now the second U.S. state to officially grant Decentralised Autonomous Organisations (DAOs) legal recognition under the DUNA Act,a major step forward for blockchain based governance. This is thanks to the Decentralised Unincorporated Non Profit Association Act ( Senate Bill 277 ) which gives DAOs the status of a legal entity, offers limited liability protections and sets out a framework for these organisation to operate transparently in the real world. The legislation signed off on by Governor Kay Ivey is a natural progression of Wyoming’s pioneering move in 2024 to address a long standing question in ... (full story)
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