Argentina pushes legal recognition of AI‑run DAOs amid democratic concerns

The Argentine executive has sent a bill to the Senate to amend the General Companies Law, creating a new category for "Sociedades Descentralizadas Autónomas Operativas" (DAOs). The draft defines these entities as autonomous societies whose governance, operation and profit distribution are determined by algorithmic rules, effectively granting legal personality to AI‑driven organizations.

Critics argue the measure could empower techno‑oligarchs and undermine democratic institutions, linking the proposal to President Javier Milei’s broader agenda. They warn that recognizing non‑human entities as legal persons may erode constitutional safeguards and concentrate power in the hands of a few algorithmic platforms.