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Will the Federal Government Allow Wyoming to Work on Blockchain-Based Mergers?
The New Wyoming Law on decentralized and unincorporated non-profit organizations (DUNA) enables the formation of US-based nonprofits suited to the multi-billion dollar blockchain mergers currently taking place in Asia, such as Kaya with an Abu Dhabi foundation or the Alliance for Artificial Superintelligence in Singapore.
The law, effective July 1, is also written to give blockchains that use its framework a regulatory advantage under U.S. law. In theory, DUNA would make Wyoming the best place for blockchains with (or wanting) a U.S. footprint to legally locate their governance.
However, the current state of federal regulation of decentralized finance and digital assets means that…