China News Today TheBitTimes.com

Uniswap Foundation is requesting for $62.37 million to support growth of the Uniswap ecosytem. An on-chain vote on the foundation’s proposal will be taken on Wednesday, October 4, 2023. The Uniswap Foundation has submitted a governance proposal request ing for $62.37 million funding as it looks to continue supporting the Uniswap’s ecosystem growth . Uniswap Foundation eyes $62.37 million funding Today’s proposal follows last year’s request that asked for $74 million in funding to create the Uniswap Foundation. A governance vote granted the proposal, with funds split in two tranches as had been request ed.  At the time, the idea was that the second of the tranches would be request ed via an on-chain vote – which is what the UF has done. “ The reason for breaking our funding into two tranches was to allow for the UF to finalize the completion of its legal entity, and to formally receive non-profit 501(c)4 status from ...

Ripple CEO Brad Garlinghouse has criticized the United States Securities and Exchange Commission’s (SEC) regulation by enforcement approach, questioning the agency’s crypto jurisdiction. Meanwhile, Gary Gensler, the chair of the SEC, has asked Congress for more funding to increase the agency’s oversight of the unregulated cryptocurrency market. Funding, the commission said, is for them to execute their mandate of protecting investors and ensuring markets are fair and efficient. Garlinghouse blasts SEC’s “political power play”  Garlinghouse called out Gensler for what he perceives as inconsistent crypto regulation.  He also said that the SEC had not provided clear guidance to the industry, which has led to uncertainty and confusion. In a tweet on July 23, Garlinghouse argued that relying on enforcement actions rather than legislative clarity only adds to the confusion plaguing web3 market participants and fails to protect retail investors....