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

The legal status of a DAO is largely undefined and varies significantly by jurisdiction, creating regulatory uncertainty. Some US states, like Wyoming, have created specific legal frameworks recognizing DAOs as Limited Liability Companies (LLCs) or similar entities.

In most places, however, a DAO may be treated as a general partnership, which could expose all token holders to unlimited liability. This ambiguity is a major barrier to institutional adoption.