Wyoming DUNA refers to the Wyoming Decentralized Autonomous Organization Supplement, a specific piece of legislation enacted in Wyoming. This law provides a legal framework for Decentralized Autonomous Organizations (DAOs), granting them limited liability status as a distinct type of legal entity. It aims to offer legal recognition and operational clarity for DAOs within the state.
Context
News reports frequently highlight Wyoming DUNA as a pioneering legislative effort to provide legal certainty for DAOs, setting a precedent for other jurisdictions. This law addresses the legal ambiguities surrounding decentralized governance structures, potentially encouraging more DAO activity within Wyoming. Its effectiveness in balancing decentralization with legal accountability is a subject of ongoing observation and discussion.
Industry coalition petitions Treasury for federal DAO guidance, citing legal ambiguity and advocating for the Wyoming DUNA model to mitigate participant liability.
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