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Wyoming Gives DAOs New Legal Structure

by SuperiorInvest

Miles Jennings, general counsel at a16z Crypto, called it a “breakthrough” that will provide groups with “much-needed protections and allow them to keep blockchain networks open,” according to a blog post published on Friday. This new recognition as “decentralized unincorporated nonprofit associations” (DUNA) will help blockchain administrators ensure “that the network remains open, does not discriminate, and does not unfairly extract value,” Jennings maintains.

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