News

According to Jinse Finance, the Uniswap Foundation has proposed establishing a new legal entity named "DUNI" for its governance organization under the Wyoming "Decentralized Unincorporated Nonprofit Association (DUNA)" framework. This move aims to preserve the existing governance structure while meeting compliance, tax, and contract signing requirements. The proposal plans to allocate $16.5 million worth of UNI to this entity to settle historical tax liabilities and penalties, which are expected to be less than $10 million, and to set up a legal defense budget. The Foundation's Chief Legal Officer stated that this step will lay the groundwork for enabling protocol fees in the future (allocating a portion of LP fees to the DAO treasury). Under this framework, fee income cannot be directly distributed to UNI holders, nor will it alter Uniswap's decentralized governance model.

According to a report by Jinse Finance, Democratic staff members of the U.S. Senate Banking Committee have criticized the Republican version of the cryptocurrency legislation draft, arguing that it provides a “regulatory escape route” for traditional assets. They are concerned that non-crypto assets such as stocks could bypass oversight by the U.S. Securities and Exchange Commission (SEC) simply through tokenization. The Democrats pointed out that the draft’s definition of “ancillary assets” is not limited to cryptocurrencies, which could allow companies to sell assets without adequate investor protection, thereby increasing market volatility and the risk of fraud. Previously, the House of Representatives passed the Digital Asset Market Structure Bill, which established the division of responsibilities between the SEC and the Commodity Futures Trading Commission (CFTC) in the digital asset sector. The Democrats also expressed concerns about the Trump family’s involvement in crypto businesses, stating that the draft does not limit their influence.