Law360 (July 23, 2021, 4:16 PM EDT) — Regardless of being the authorized house of 67.8% of all Fortune 500 firms, Delaware faces an unlikely competitor within the blockchain area.
This competitor has outpaced Delaware’s legislative progress, is purported by Forbes to be the “Delaware of digital asset regulation,” and has sparked rumors that it might chip away at Delaware’s dominance as the company capital of the US.
That surprising first mover is Wyoming. This 12 months, Wyoming grew to become the primary state to legally acknowledge decentralized autonomous organizations, or DAOs, as a brand new type of LLC.
That is vital as a result of it marks the daybreak of a brand new form of enterprise…
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