Subcommittee advances bill creating limited‑liability entities for blockchain DAOs after mixed testimony A Virginia subcommittee voted 5–3 to advance a bill creating a limited‑liability digital entity (LLD) to provide DAO token holders protections akin to LLCs after supporters argued it improves transparency and opponents raised liability concerns.

Virginia's subcommittee just took a groundbreaking step to create limited-liability digital entities for blockchain DAOs, igniting a fierce debate over investor protections and liability concerns.

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