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