New Hampshire Has a Better Approach to DAOs

The world’s legal systems are straining to adapt to transactions facilitated by smart contracts, cryptocurrencies, digital assets, and other developing blockchain technologies. One of these innovation — commonly known as “Decentralized Autonomous Organizations” or “DAOs” — offers potentially revolutionary mechanisms for conducting governance and transactions among participants. New Hampshire is considering legislation ( ) to enact a new legal entity law for DAOs. This essential legal innovation, which was recommended by the 2022 New Hampshire Commission on Cryptocurrencies and Digital Assets (on which the authors served), would not “piggyback” on...