Alabama becomes second US state to grant DAOs legal status under DUNA
Burns Brief
The legislation “embraces innovation, protects participants, and empowers internet-native communities to compete with big tech incumbents,” said a16z’s Miles Jennings Market participants are carefully weighing the implications, with the outcome likely to depend on broader macro conditions and volume. Watch for volume confirmation — a breakout above average volume would signal the trend is likely to continue.
The legislation “embraces innovation, protects participants, and empowers internet-native communities to compete with big tech incumbents,” said a16z’s Miles Jennings.
Key Takeaways
- The legislation “embraces innovation, protects participants, and empowers internet-native communities to compete with big tech incumbents,” said a16z’s Miles Jennings