Uniswap Effort for $25 Million DeFi Lobbying Fund Inches Forward—Despite Detract

[Galaxy]

Proponents say "governments and international organizations are considering policies that may halt the innovation, expanded access, and transparency [DeFi] enables." An initiative by Uniswap token holders to create a $25 million "political defense" fund for DeFi protocols is two steps closer to becoming a reality.

The fund was proposed by the Harvard Law Blockchain & FinTech Initiative (HarvardLawBFI), who want 1 million UNI tokens ($25.7 million as of publication) from the community treasury to prop up a 501(c)(4) nonprofit that would "defend the protocol and DeFi from legal and regulatory threats." Source