The post Uniswap Proposal to Give DAO Legal Certainty, Says Foundation’s Counsel appeared on BitcoinEthereumNews.com.

In brief The Uniswap Foundation published a proposal for Uniswap Governance to become a Wyoming Decentralized Unincorporated Nonprofit Association (DUNA). The Cowboy State enacted the legal framework for DAOs last year. It would allow Uniswap Governance to operate with greater legal clarity, Uniswap Foundation General Counsel Brian Nistler said. The Uniswap Foundation published a proposal on Monday to establish a new legal entity in Wyoming for Uniswap Governance, the decentralized exchange’s governing body of members, delegates, and token holders. Under the proposal, Uniswap Governance would become structured as a Wyoming Decentralized Unincorporated Nonprofit Association (DUNA), allowing the group to operate with greater legal certainty, according to Uniswap Foundation General Counsel Brian Nistler. “Uniswap Governance [has] never had a legal organization,” Nistler told Decrypt. “By adopting the DUNA, Uniswap Governance would be electing a particular structure that would be in the U.S., within Wyoming, that protects participation in all of the decision-making activities.” If Uniswap Governance agrees on becoming a DUNA, that would lay the groundwork for new things like treasury management and the ability to hire accountants and lawyers “without ascribing the individual liability for its members,” Nistler said.  With greater legal certainty, Uniswap Governance may also revisit a so-called fee switch. The group has weighed several proposals that would allow Uniswap (UNI) token holders to receive a portion of the DEX’s trading fees, but they have been stymied in recent years, largely due to concerns that the move could be in violation of U.S. securities laws. Uniswap has generated $122 million in fees over the past 30 days, with $6 billion in digital assets currently being used within the DEX, according to crypto data provider DefiLlama. Uniswap Governance is a Decentralized Autonomous Organization, or DAO. It operates without a central authority, replacing traditional hierarchical management with a community-based…

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Filed under: News - @ August 12, 2025 2:26 am