Decentralized autonomous organizations-amendments.

Wyoming's SF 68 creates a legal framework for decentralized autonomous organizations (DAOs) by amending corporate law to recognize them as formal entities. It defines key terms like "membership interest" (digital ownership shares) and "smart contract" (blockchain-based agreements), and establishes that DAOs can operate either as "member managed" or "algorithmically managed" organizations. The bill requires DAOs to include a publicly available identifier in their founding documents and allows operating agreements to be implemented via blockchain code. This directly affects organizations forming as DAOs in Wyoming, providing clarity on governance, voting rules, and operational requirements under state law.