ABA Journal Features Vermont Blockchain Laws
In a recent article, the ABA Journal highlighted actions states like Wyoming and Vermont are taking to improve the legal landscape for blockchain companies.
While Wyoming has opted for a deregulation model, the Vermont Legislature worked to create a useful legal structure based on the needs of blockchain companies.
Oliver Goodenough, an attorney at Burlington-based Gravel & Shea and a law professor at Vermont Law School, told the ABA Journal that the purpose of recently passed blockchain legislation was to “provide the ability to opt into a structure rather than wait for the courts to impose something on top of you.”
To that end, the 2018 law created blockchain-based limited liability companies (BBLLCs) and personal information protection companies (PIPCs).
To read the full article, click here.