Arbitrum DAO Vote: Contemplating a Hefty Legal Defense Fund for Creators of Tornado Cash
The Arbitrum community is presently engaged in an ‘Arbitrum DAO vote’, considering the provision of a substantial legal shield for the developers of Tornado Cash, Roman Storm and Alexey Pertsev. A proposal in motion hints at the distribution of up to 600,000 ARB tokens, nearly equivalent to $1.3 million, for their legal protection in the initial year. This proposal, introduced on March 7, may also potentially finance public relations and advocacy movements, emphasizing the significance of technologies that preserve privacy and the legal challenges faced by developers. The Arbitrum DAO vote is divided into three levels, each corresponding to varying funding amounts, ranging from 200,000 to 600,000 ARB. Currently, over 80% of the votes lean towards the topmost tier. The final date for vote submission is March 14.
Not financial advice. Always be safe and secure when dealing with cryptocurrency. Never send anyone your private key. Always Do Your Own Research..DYOR..DYOR..DYOR!
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