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Alabama becomes second US state to grant DAOs legal status under DUNA

The legislation “embraces innovation, protects participants and empowers internet-native communities to compete with big tech incumbents,” said a16z’s Miles Jennings.

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Alabama becomes second US state to grant DAOs legal status under DUNA

The legislation “embraces innovation, protects participants and empowers internet-native communities to compete with big tech incumbents,” said a16z’s Miles Jennings.

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This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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