The Uniswap Foundation led a coalition of 18 large cryptocurrency organizations in the petition of Minister of Treasury Scott Bessent for federal guidance on decentralized autonomous organization (DAO) compliance.
In a letter of 2 September, Uniswap Foundation quotes persistent legal uncertainty that Innovation Offshore has driven.
The document argues for the federal recognition of Wyoming’s decentralized non -recorded Non -Profit Association (Duna) Framework, signed in the law in 2024, as a model for offering DAOS legal clarity, while retaining their decentralized management structures.
With the Duna -Framework, DAOS can enter into contractual relationships, manage treasury funds and comply with tax obligations, while protecting token holders against personal liability.
The letter stated:
“Daos in the US has historically confronted with persistent legal uncertainty. Many DAOs have no clarity about whether fundamental companies, such as the possibility of signing contracts, managing assets or meeting tax obligations, exposing participants in personal liability.”
Two -part conference support
The initiative has received political support, in which senator Cynthia Lummis endorses the framework and defend efforts to “build the legal foundation that American innovators need to succeed”.
The letter refers to the President’s working group report on digital assets, which requires Treasury and IRS cooperation with blockchain -non profit organizations to facilitate US domiciliation.
Uniswap Governance, described as ‘one of the largest and most active DAOs in the world’, has proposed to adopt the Duna structure as a test case for the wider ecosystem. The coalition argues that this is a milestone that shows that compliance and decentralization in addition to our legal frameworks can co -exist.
Eighteen organizations signed the letter, including established entities such as Polygon, Tally and the Blockchain Association, in addition to newer players such as ZKSync, Morpho and the Solana Policy Institute.
The various coalition includes infrastructure providers, Defi protocols, venture funds and policy interest groups.
Competitive threat
The signatories emphasized the competitive threat of other jurisdictions that actively court blockchain organizations.
The letter warns that continuous regulatory ambiguity runs the risk of pushing innovation away from American markets, because worldwide competitors draw up more clearer frameworks for decentralized entities.
The coalition requires three specific federal actions: recognition of DAO-Dao-Dao, involvement in communities that frameworks such as Duna, and the provision of federal paths, including safe ports, interpretative guidance or regulations made.
The letter concluded:
“With well-considered cooperation, we can ensure that the US remains a home for internet-native innovation rooted in transparency, compliance and open participation.”