The Uniswap Foundation has proposed a new legal framework for Uniswap Governance, advocating for its recognition as a Wyoming Decentralized Unincorporated Nonprofit Association (DUNA). This move seeks to provide more legal clarity, allowing the governance body, comprising members, delegates, and token holders, to operate within a defined legal structure. General Counsel Brian Nistler highlighted that adopting this legal status would enable Uniswap Governance to access a portion of the decentralized exchange's trading fees, a move hampered previously by U.S. securities law concerns. The proposal arrives amidst a backdrop of significant trading activity, with Uniswap generating $122 million in fees in the last month alone. Notably, the DUNA framework supports decentralized organizations by granting them legal standing to engage in contracts, own assets, and participate in litigation—a fundamental shift intended to alleviate liabilities for token holders that arise in traditional partnership frameworks. This is part of a broader trend, with growing interest in legislative environments that support decentralized governance models, reflecting the evolving landscape of digital asset regulation.

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