The legislation allows decentralized autonomous organizations to gain legal entity status and operate within the bounds of applicable law.

By Jenny Cieplak, Stephen P. Wink, Daphne Lambadariou, and Deric Behar

On March 7, 2024, Wyoming Governor Mark Gordon signed into law a new legal framework for decentralized autonomous organizations (DAOs), allowing them to be recognized as “decentralized unincorporated nonprofit associations” (DUNAs). The Wyoming Decentralized Unincorporated Nonprofit Association Act (the Act) was adopted with bipartisan support, reflecting Wyoming’s…