CryptoNews: California legislators are considering a new bill that aims to provide legal clarity for Decentralized Autonomous Organizations (DAOs), potentially offering regulatory relief. 👀
Proposed California Bill Seeks to Clarify Legal Status of Decentralized Organizations The bill, known as the "DAO Law," seeks to recognize DAOs as distinct legal entities, allowing them to enter contracts, own property, and operate within the state without the need for traditional business structures.
Proponents of the bill argue that it will help facilitate the growth and innovation of blockchain technology in California, while critics express concerns about the potential for fraud and abuse within these decentralized systems. If passed, the legislation could set a precedent for other states and countries to follow, reshaping the regulatory landscape for DAOs and the blockchain industry as a whole.
The bill defines a DAO as “an unincorporated organization that operates through deployment of code on a blockchain network and that uses smart contracts to govern its operations.” The bill also specifies the requirements and procedures for DAOs to register with the Secretary of State, to maintain records and reports, and to resolve disputes and liabilities.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
As Twitter Ends Legacy Blue Checks, Bluesky Emerges as Decentralized AlternativeTwitter, a social network that once connected journalists, trusted public figures and Web3 natives, dropped its legacy verification program last week, leading some users to seek decentralized solutions.
Baca lebih lajut »
Decentralized Exchange GMX Connects to Chainlink's Low-Latency Oracles Following Community VoteDecentralized derivatives exchange GMX_IO will integrate chainlink's low-latency pricing oracles following a successful community vote. Reporting by oknightcrypto.
Baca lebih lajut »
Decentralized exchange GMX votes to use Chainlink low-latency oraclesDecentralized exchange GMX is set to utilize a low-latency oracle solution created by Chainlink which aims to compile price-sensitive data at higher frequencies and improve upon the user experience of derivatives traders.
Baca lebih lajut »
Valley organizations train people on use of NarcanOrganizations Valle del Sol and Terros Health worked with the Phoenix Vice Mayor in training people on how to use Naloxone, or Narcan, Monday morning. MORE ⬇️
Baca lebih lajut »
Chinese EV Giant BYD Says Fully Autonomous Driving Is “Basically Impossible”BYD, which is China’s largest electric vehicle seller, believes that fully autonomous driving is “basically impossible.”
Baca lebih lajut »
Stockholm launches world’s first autonomous, fully-electric passenger ferryWorld's first self-driving fully-electric commercial passenger ferry aims to provide sustainable urban mobility in Stockholm.
Baca lebih lajut »