2021 The Spring of Blockchain Legislation
What’s happening?
- 21 states considered blockchain legislation
- Miami considered paying its workers in cryptocurrency
- Miami considered receiving tax payments in cryptocurrency
- SF 38 (2021 | WY) in Wyoming made WY the first state to recognize decentralized autonomous organizations (DAOs)
- Fun fact: WY was the first state to recognize the LLC in the 1970s
Why is this important? Other states are going to start recognizing DAOs
How will this be important?
- There’s an argument that storing information on blockchain’s distributed ledger is safer from hackers.
- In 2019 Colorado passed SB 19-023 (2019-CO) that exempts some digital assets from state securities regulations
Governing | Mountain West Extends Blockchain’s Digital Frontier