How Wyoming Is Leading On Cryptocurrency

By Emily DiBenedetto (July 23, 2021, 4:16 PM EDT) -- Despite being the legal home of 67.8% of all Fortune 500 companies, Delaware faces an unlikely competitor in the blockchain space.

This competitor has outpaced Delaware's legislative progress, is purported by Forbes[1] to be the "Delaware of digital asset law," and has sparked rumors that it could chip away at Delaware's dominance as the corporate capital of the United States.

That unexpected first mover is Wyoming. This year, Wyoming became the first state to legally recognize decentralized autonomous organizations, or DAOs,[2] as a new form of LLC.

This is important because it marks the dawn of a new kind of business...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!