Alabama Governor Signs SB 277 Bill to Create Legal Framework for DAOs

ChainCatcher message: The governor of the U.S. state of Alabama has signed the SB 277 bill, creating a legal framework for nonprofit entities similar to a DAO. Alabama became the second U.S. state to establish a legal framework for entities similar to a DAO. The bill stipulates that members of a DAO typically are not personally liable for its collective activities.

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