Proposal “dash-core-group-legal-july-august“ (Completed)Back

Title:Dash Core Group Legal (July-August)
Owner:glennaustin
Monthly amount: 132 DASH (9522 USD)
Completed payments: 2 totaling in 264 DASH (0 month remaining)
Payment start/end: 2020-06-14 / 2020-08-12 (added on 2020-06-08)
Votes: 929 Yes / 48 No / 0 Abstain
External information: app.dashnexus.org/proposals/dash-core-group-legal-july-august/overview

Proposal description

Dash Core Group July 1st Funding Proposals
DCG is submitting 3 funding proposals for the July 1st budget cycle:
1) DCG Compensation part one: $205,000 per month (currently in month 3)
2) DCG Compensation part two: $30,800 per month (3 month proposal: July - September)
3) DCG Legal: $10,000 per month (2 month proposal: July - August)

This Proposal
This proposal is cross-posted here
 
This proposal funds Dash Core Group’s planned legal expenses. DCG has been pursuing a number of legal initiatives utilizing existing legal budget funding for the benefit of the Dash network. In the immediate future we will require additional funding to complete these projects. Current projects include:
1) Funding Dash Core Group’s regular course of business legal expenses for integration contracts, vendor agreements, non-disclosure agreements, and other general company legal needs
2) Engage with regulators including the NYDFS as well as other relevant entities to educate them on Dash
3) Occasionally Dash Core Group receives unplanned requests from regulators or exchanges. Responding to these requests ensures that exchanges can continue to list Dash in a compliant manner
4) With the travel rule being applied worldwide this year, Dash Core Group has been working with exchanges to engage and educate on why Dash can comply with the new regulations. DCG believes it is prudent to continue to engage with exchanges to ensure we remain listed on partner exchanges. Additionally, FATF has made specific statements around “privacy coins” that need to be addressed. DCG believes we need to continue engaging and educating regulators and exchanges as to why Dash is compliant with upcoming travel rule and FATF guidance as the deadline for implementation approaches.
5) Fees related to an outside accounting firm to assist the finance department with book-keeping, cryptocurrency accounting entries, and to serve as an independent party to ensure compliance with regulations and policies 
6) Fees related to a tax accountant to assist in optimizing and filing required federal and state taxes
As mentioned in previous legal budget proposals, determining the exact costs for legal projects at the outset is impossible, and determining a likely range for many items is highly variable due to factors outside our control (e.g., questions from regulators). This means we can’t assign a specific price-tag against any of the initiatives we are undertaking. We tend to request a conservative figure and may request a supplement if it becomes necessary. We also apply any unused budget toward other legal expenses.

We last funded the legal budget on September 1st 2019. That budget was used to support our run-rate including expenses for day-to-day legal work such as drawing up and reviewing vendor agreements and partner integrations, creating one-off legal opinions to ensure DCG is in compliance with rules & regulations, engagement with the Crypto Ratings Council, expenses related to our explanation of PrivateSend, etc.
 
If you have any questions, please direct them to @RyanTaylor in this post to ensure we are notified of your request.

Requested funding is as follows for the July 1st and August 1st budget cycles:
· 129.5 Dash for legal expenses ($10,000 USD @ $77 per Dash) per month
·  2.5 Dash proposal reimbursement (per month over 2 months)
Total: 132 Dash

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

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