Rhode Island H7843 establishes the "Decentralized Autonomous Organization Act" to legally recognize DAOs as limited liability companies.
Rhode Island H7843, the "Decentralized Autonomous Organization Act," aims to position Rhode Island as a leader in blockchain innovation by legally recognizing DAOs as limited liability companies. This act provides a predictable, business-friendly framework that includes limited liability protection, governance through smart contracts, compliant capital raising and token issuance, and a regulatory sandbox for testing blockchain projects.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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