Wyoming legally recognizes first DAO in the United States

Cointelegraph

Published Jul 05, 2021 12:38AM ET

Updated Jul 05, 2021 02:20AM ET

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.

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