Proposal “Core-legal-201807“ (Closed)Back

Title:Core Team Legal Budget (July)
Owner:glennaustin
One-time payment: 320 DASH (50861 USD)
Completed payments: 1 totaling in 320 DASH (0 month remaining)
Payment start/end: 2018-06-18 / 2018-07-17 (added on 2018-06-05)
Votes: 807 Yes / 53 No / 24 Abstain

Proposal description

This is a cross-posted from https://www.dash.org/forum/threads/proposal-core-team-legal-budget-july.38535/
  
This proposal funds the Dash Core Group’s ongoing legal expenses.The last time funding was requested for the Dash Core Group’s legal budget was in October 2016. That funding lasted nearly two years due to price increases subsequent to the funding request, which has allowed us to fund substantial legal activities since that time. We strive to be proactive in addressing legal issues likely to impact the network, and ensuring that contracts with other parties are professionally reviewed for preventative purposes. We frequently benefit from having a balance available for time-sensitive legal actions, so we feel pre-funding these expenses is critical to ensure we can act quickly when needs arise. Since the initial funding, we have used the funds to deliver on the following:

1) Legal opinion on a number of masternode-related topics (tax treatment, potential legal liability, mixing, etc.) which are provided on the dash.org website
2) Creation of a generic ATM compliance program to encourage the adoption of Dash by ATM operators
3) Formation of Dash Core Group, Inc. and establishing and maintaining filing requirements with the Internal Revenue Service and State of Delaware
4) Creation of the Dash DAO Irrevocable Trust and related trustee services in New Zealand and Switzerland
5) Initial investigation into the formation of a “Dash Ventures” investment vehicle to benefit the network
6) Day-to-day legal expenses including drawing up contracts with vendors, strategic partners, integration contracts, updating and managing corporate documents, etc.
7) Legal work for over 30 escrow contracts
8) Numerous one-off legal opinions necessary to ensure Dash Core Group Inc. is in compliance with rules and regulations
9) Creating and filing provisional patents on key aspects of functionality introduced in the Evolution releases
10)  Legal opinion research, letters, and questionnaires associated with inquiries from exchanges on the securities-law status of Dash
11) Privacy policy and other required website legal reviews and content
12) Filing and defending the Dash trademark in various jurisdictions, including resolution of a legal dispute with another entity

If you have any questions, please direct them to @glennaustin in this Dash Forum post to ensure we are notified of your request.

Requested funding is as follows for the July 2nd budget cycle:
  • 315.00 Dash ($100,000 USD @ $317.667 per Dash)
  • 5.00 Dash reimbursement for the proposal cost
Total: 320.00 Dash

Note: Any unused budget will be applied toward other legal expenses

Show full description ...

Discussion: Should we fund this proposal?

Submit comment
 
-1 point,4 months ago
I would like to see a separate DAO for legal and remove legal work from Core completely. This way we have more competition and more accountability which means better quality service. It also means that Core does not have complete control over every aspect of what DASH is about. A separate DAO also means greater decentralization which means greater robustness to the DASH network from threats such as government crackdowns.

Therefore I would prefer to see a separate DAO for all legal matters from now on.
Reply
-1 point,4 months ago
I agree again.)
Reply
2 points,4 months ago
Same as the other proposals, I would like to see some kind of budget breakdown here. No one could make a proposal for 100.000 USD without any budget and expect it to pass.
Reply
4 points,4 months ago
Very pleased with what has been done so far. Am requesting an expense breakdown of this proposal, however. Thanks.
Reply
0 points,4 months ago
Easy yes.
solarguy
Reply
4 points,4 months ago
In regards to 4: when will this information be made public?

This has been talked about for almost 6 months now, but we have yet to see any documentation.
Reply
0 points,4 months ago
voting YES. Some impressive pursuits within the objectives.

"Creation of a generic ATM compliance program to encourage the adoption of Dash by ATM operators" - Where?
Reply