The crypto-friendly state of Wyoming has approved the first legally recognized Decentralized Autonomous Organization (DAO) in the United States.
The American CryptoFed DAO received notice from the Wyoming Secretary of State’s office on July 1 recognizing it as a legal entity, according to a July 4 announcement.
Marian Orr, CEO of the American CryptoFed DAO, stated:
“Wyoming is the leading digital assets jurisdiction in the USA, and now with this DAO law, Wyoming is arguably the top blockchain jurisdiction in the world. What this means is that creating a true digital currency with mass acceptance is now possible.”