Alabama signs DUNA Act, becoming second US state to recognize DAOs legally

Alabama has become the second US jurisdiction after Wyoming to grant decentralized autonomous organizations (DAOs) legal recognition under the Decentralized Unincorporated Nonprofit Association (DUNA) Act. The measure (Senate Bill 277) was introduced in February, passed the Alabama House 82-7 with 16 abstentions on March 17, and has now been signed by Governor Kay Ivey.