Alabama governor signs bill recognizing DAOs as legal entities

Alabama Governor Kay Ivey has signed a bill that recognizes decentralized autonomous organizations (DAOs) as legal entities, Cointelegraph reported. The legislation, known as the Decentralized Unincorporated Nonprofit Association Act (DUNA), was introduced by Republican State Senator Lance Bell in February and passed the state's House of Representatives on March 17. The new law grants DAOs full legal status, enabling them to own property, enter into contracts, and sue or be sued. It also includes provisions to protect individual members and managers from personal liability for the organization's actions.