Proposal “dash-core-group-legal-september“ (Active)Back

Title:Dash Core Group Legal (September)
Owner:glennaustin
One-time payment: 570 DASH (52611 USD)
Completed payments: no payments occurred yet (1 month remaining)
Payment start/end: 2019-08-16 / 2019-09-14 (added on 2019-08-11)
Votes: 576 Yes / 50 No / 3 Abstain
Will be funded: Yes
External information: app.dashnexus.org/proposals/dash-core-group-legal-september/overview
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gobject vote-many cbfa0cf783125627055d46f0049a4e7f763fb8559865a7135f0381dc4864d0f6 funding yes

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Proposal description

Dash Core Group September 1st Funding Proposals
DCG is submitting 2 funding proposals for the September 1st budget cycle:
1) DCG Compensation: $295,000 (Multi-month Proposal) 
2) DCG Legal: $58,000

This Proposal
This is a 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) Fees related to a tax accountant to assist in optimizing and filing required federal and state taxes
3) Privatesend initiative.  Dash Core Group has shared the results of its efforts around proving that Privatesend technology is indistinguishable, at the protocol level, between Dash and Bitcoin (https://blog.dash.org/dashs-privacy-features-and-compliance-c27d79254ff1).  The next step is to organize a responses to a number of regulatory bodies that have expressed concern including JFSA, NYSDFS, FATF and other legal authorities, as well as exchanges, payment processors, or other entities that may be concerned with regulatory implications of the PrivateSend feature.

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.  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 April 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, residual expenses associated with SEC follow-up meetings and data requests, 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 September 1st budget cycle:
· 565 Dash for legal expenses ($58,000 USD @ $103.00 per Dash)
·     5 Dash proposal reimbursement
Total: 570 Dash

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



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Discussion: Should we fund this proposal?

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0 points,1 day ago
Voting Yes. I would also take the opportunity to support Ryan Taylor for taking a stand vs Coindesk's negative reporting, or non reporting, of DASH achievements. Most of the time it is prudent to keep quiet but there are times, such as this, where it is necessary to take a stand against clear abuse, negative bias and unprofessional behavior from publishing organizations with an agenda.
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