What Is the Legal Status of a DAO in Major Financial Jurisdictions?

The legal status of DAOs is largely ambiguous and evolving globally. Some jurisdictions, like Wyoming and the Marshall Islands, have created specific legal wrappers (e.g.

DAO LLCs) to provide limited liability and clarity. In most major financial centers, a DAO is often treated as a general partnership or an unincorporated association, which can expose token holders to significant legal liability.