Law360 (July 23, 2021, 4:16 PM EDT) — Regardless of being the authorized house of 67.8% of all Fortune 500 corporations, Delaware faces an unlikely competitor within the blockchain house.
This competitor has outpaced Delaware’s legislative progress, is purported by Forbes to be the “Delaware of digital asset legislation,” and has sparked rumors that it may chip away at Delaware’s dominance as the company capital of the US.
That sudden first mover is Wyoming. This yr, Wyoming turned the primary state to legally acknowledge decentralized autonomous organizations, or DAOs, as a brand new type of LLC.
That is essential as a result of it marks the daybreak of a brand new type of enterprise…
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