According to a September 11 release, the Crypto Freedom Alliance will support educational activities that will target government officials, corporations, non-profits, and other organizations to emphasize the benefits of Web3 in the state of Texas.

Cointelegraph spoke with a16z crypto's global head of policy, Brian Quintenz, at the Permissionless II conference in Austin to learn more about the new organization.

Texas, according to Quintenz, is especially positioned to become a refuge for Web3 developers, but this requires the formation of an advocacy group to address difficulties in the state.

Quintenz, for example, suggested that decentralized autonomous organizations (DAOs) frequently require legal jurisdiction to function. Texas is an appealing state since it has adopted the Uniform Code of Unincorporated Associations.

“Modifying the unincorporated association law that applies more generally to limited liability types of entities is a state issue, and there are only a few states that have adopted the Uniform Code of Unincorporated Associations […] Texas is one of them,” Quintenz said.

Yet, minor changes would need to be made to this code to enable DAOs to be recognized as legal entities:

“One of the things we continue to try to do is to advocate and educate around creating a legal entity for DAOs that makes some changes to the unincorporated association framework but makes it more restrictive. We don’t want to just open it up to anybody and say ‘Oh, I’m a DAO.’ You can only really qualify for this if you’re a decentralized kind of organization.”

Sources:

https://cointelegraph.com/news/crypto-companies-form-texas-blockchain-group-advocate-clear-regulations