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The Governor of Alabama signs SB 277 into law to create a legal framework for DAOs in the United States
Golden Finance reports that on April 2, the governor of the U.S. state of Alabama signed SB 277 into law, creating a legal framework for nonprofit entities similar to DAOs. Alabama became the second U.S. state to establish a legal framework for entities similar to DAOs. The bill provides that DAO members generally are not personally responsible for their collective activities.