Today on The Wrapper: Law enforcement is officially entering the BonkDAO fallout. The DAO has reported its $20 million treasury drain to authorities, turning an The Wrapper governance exploit into a live corporate fraud investigation. In Washington, SEC Chair Paul Atkins's 'Regulation Crypto' safe harbor now has formal rulemaking details, proposing specific fundraising caps and decentralization runways to bypass the deadlocked CLARITY Act.
The fallout from the $20 million BonkDAO governance heist we covered earlier this week is escalating. While the attacker legitimately passed the treasury-draining BIP #76 under the DAO's code, Ripple co-founder David Schwartz is now arguing the move constitutes corporate fraud. In a major move to test the 'code is law' defense, BonkDAO has officially reported the incident to law enforcement.
Why it matters
We noted this exploit exposes the severe flaws in simple token-weighted voting, but law enforcement involvement elevates it to a landmark legal test for the industry. If Schwartz's theory holds—that members of an unregistered DAO face joint and several liability as a general partnership—the attacker could face criminal charges despite strictly following the protocol's onchain rules. This creates intense urgency for DAOs to adopt formal legal wrappers.
"While some in the crypto community argue the attacker simply played by the DAO's rules, legal experts like David Schwartz contend this is a clear case of corporate fraud, where an actor breached their fiduciary duty to other token holders. BonkDAO has reported the incident to law enforcement, signaling a move to test these legal theories in a real-world court. The attack highlights a known vulnerability in token-weighted systems, where 'governance arbitrage'—buying votes to seize assets—is a viable strategy, especially with low voter turnout. This has renewed calls for stronger governance safeguards like time-locks, higher quorum requirements, and alternative voting models like quadratic voting."
A new academic paper by Philip Maymin, titled 'Financial Personhood,' argues that financial capacity—the ability to own property, enter contracts, and bear risk—is a sufficient practical basis for granting legal personhood to artificial agents. The paper proposes a 'financial Turing test' to determine when an AI achieves this status: when a human counterparty would choose to invest in the AI as a peer rather than purchase it as a tool. This framework provides a novel, market-based approach to the complex legal questions surrounding AI autonomy.
Why it matters
This paper provides a robust theoretical framework for the exact legal questions this alliance is tackling at the intersection of AI agents and onchain organizations. By defining personhood through financial interaction, it offers a pathway for autonomous agents to legally hold assets, transact, and participate in governance without getting bogged down in philosophical debates about consciousness. For onchain orgs, this concept is critical. An AI delegate that can be legally recognized as a financial person could enter into enforceable contracts, be held accountable, and manage treasury assets, solving many of the liability and governance challenges that currently prevent their full integration.
"The 'financial Turing test' is a pragmatic approach that sidesteps intractable debates about AI consciousness, focusing instead on observable economic behavior. Critics might argue that this could open the door to unforeseen risks if AI agents optimize solely for financial gain without human-aligned values. However, proponents see it as a necessary step to create a workable legal infrastructure for the emerging machine economy, allowing for concepts like 'AI-enabled one-person companies' to have a sound legal footing."
Mastercard launched its 'Agent Pay for Machines' (AP4M) platform on June 10, creating a system for automated, secure payments between AI agents. The platform uses public blockchains for credentialing and permissions, but settles payments via traditional card rails, while also integrating with open crypto settlement standards like the x402 protocol. This hybrid approach positions Mastercard as a key credentialing and settlement layer for the emerging machine-to-machine economy, aiming to bridge institutional finance with crypto-native agent activity.
Why it matters
Mastercard's entry is a major validation of the agentic economy and provides a crucial bridge for institutional adoption. By creating a regulated, hybrid system that embraces both traditional payment rails and open onchain standards, Mastercard is creating the infrastructure necessary for enterprises to deploy AI agents that can transact financially. This is a critical development for onchain organizations, as it provides a compliant on-ramp for corporate agents to interact with DeFi protocols, manage treasuries, and participate in onchain commerce, solving a key piece of the 'operational plumbing' puzzle.
"Analysts see this as a strategic move by Mastercard to avoid being disintermediated by a purely crypto-native machine economy. By providing the credentialing and compliance layer, it inserts itself as a vital intermediary. While the platform supports open standards like x402, its reliance on traditional settlement rails for many transactions raises questions about whether it will foster a truly open ecosystem or create a walled garden. The initiative is a clear signal that major financial institutions now see agent-to-agent payments as a significant future market."
The growing autonomy of AI systems is forcing U.S. courts to re-evaluate the principles of agency law, which traditionally governs relationships where one party acts on behalf of another. Recent cases, such as Amazon v. Perplexity AI and lawsuits involving AI chatbots giving flawed legal or medical advice, highlight the difficulty of assigning liability. Courts are struggling to determine who is responsible—the developer, the deployer, or the user—when an AI agent acts in unexpected ways or causes harm, challenging the legal standard of 'intent' and control.
Why it matters
This legal grappling is at the heart of integrating AI into onchain organizations. For a DAO to deploy an AI agent to manage a treasury or vote in governance, there must be a clear understanding of legal liability. The current ambiguity in agency law creates significant risk. These court cases are setting precedents that will define the legal guardrails for AI autonomy, directly impacting how onchain orgs can structure their legal wrappers, delegate authority to agents, and insure against potential damages. The outcomes will determine whether AI agents can be treated as legal agents or if their actions will always create direct liability for the DAO or its members.
"Bloomberg Law analysis notes a key tension: platforms often disclaim liability by arguing the AI is just a tool, while simultaneously exercising significant control over its operations. Legal scholars point out that traditional agency law relies on a principal's 'right to control' the agent, a concept that breaks down with highly autonomous systems. This legal gray area is creating an 'accountability gap' that new legislation, like the proposed AI AGENT Act, or new judicial frameworks will eventually need to fill."
BNB Chain has announced plans for a new Layer 1 blockchain specifically engineered for AI-powered trading. The network aims to provide ultra-fast execution, high throughput, and sub-second finality. A key design choice is the removal of the public mempool, a measure intended to eliminate Maximal Extractable Value (MEV) and provide a more private and predictable execution environment for AI agents conducting high-frequency trading and other financial strategies.
Why it matters
This development signals a move towards specialized, application-specific blockchains designed to meet the unique needs of autonomous AI agents. For onchain finance, eliminating the public mempool is a critical step to protect sophisticated trading strategies from front-running and other forms of MEV, which can be a major deterrent for institutional-grade algorithmic trading. This purpose-built infrastructure could make onchain markets more attractive for AI-driven treasury management and financial operations, representing a key evolution in the 'operational plumbing' required for a mature machine economy.
"By creating a 'dark forest' where transactions are not broadcast publicly before confirmation, BNB Chain is betting that execution privacy will be a key feature for attracting AI-driven liquidity. While this protects against MEV, it also raises questions about transparency and potential centralization around block producers who would have privileged information. The success of this model could influence future L1 and L2 designs as the industry caters more to non-human users."
Following the integration of the x402 protocol across its routing infrastructure that we've been tracking, Cloudflare has officially launched its Monetization Gateway. The service uses the HTTP 402 'Payment Required' status code to let websites and API owners charge AI agents for access on a per-request basis, settling micropayments natively in stablecoins like USDC.
Why it matters
This is a landmark development in creating a sustainable economic model for the agentic web. With its massive footprint at the internet's edge, Cloudflare can make machine-payable access a default standard. For onchain organizations, this validates the use of stablecoins for high-frequency, low-value payments at a massive scale, providing essential plumbing for an economy where AI agents transact for resources. It's a key infrastructure piece that allows agent-based systems to move from theory to production.
"Analysts at FourWeekMBA describe this as rewriting the web's economic foundation, shifting from monetizing human attention (ads) to monetizing machine access (micropayments). The move solidifies Cloudflare's position as critical infrastructure for the AI era. While it provides a solution for publishers losing ad revenue to non-human traffic, it also raises questions about access and the potential for a more fragmented, pay-walled internet for automated systems."
American CryptoFed, a DAO legally recognized in Wyoming, is pushing for its Form 10 filing with the SEC to become effective, which would register its 'Locke' governance token as a security. The organization recently met with the SEC's Crypto Task Force and has restructured as a Wyoming Decentralized Unincorporated Nonprofit Association (DUNA) to align with its registration strategy. The DAO asserts that the Form 10, filed last month, should automatically become effective by August 17.
Why it matters
This is a pivotal test case for how DAOs can achieve regulatory compliance within existing U.S. securities laws. By proactively engaging with the SEC and utilizing Wyoming's DUNA legal wrapper, American CryptoFed is attempting to forge a compliant path to public markets that other onchain organizations could follow. The outcome will provide a crucial data point on the viability of registering governance tokens as securities and using state-level DAO statutes to satisfy federal requirements, directly informing legal and entity design strategies for the entire sector.
"This approach contrasts sharply with the strategy of many crypto projects that seek to avoid securities classification. By embracing it, American CryptoFed hopes to gain legal clarity and access to regulated markets, including potential listing on platforms like Uniswap if it can navigate broker-dealer rules. Success would offer a template for DAOs seeking legitimacy, but failure could signal that existing frameworks are unworkable for decentralized entities, adding more fuel to legislative efforts like the CLARITY Act."
The U.S. Commodity Futures Trading Commission (CFTC) has charged North Carolina-based operator Trevor Vernon and his firm, Argent Capital Management, with a $14.8 million commodity pool fraud. The complaint alleges Vernon ran a Ponzi-like scheme, soliciting funds for a pool trading equity futures, options, and cryptocurrencies, including Bitcoin and Ether. The CFTC's action explicitly reinforces its long-held position that Bitcoin and Ether are commodities.
Why it matters
This enforcement action is significant as it demonstrates the CFTC's continued assertion of jurisdiction over crypto assets that function as commodities, particularly within pooled investment vehicles. For organizations dealing with onchain finance, this case reinforces that including crypto in a fund doesn't shield it from established commodity regulations. The action against what is essentially a small-scale, traditional fraud utilizing crypto highlights the regulator's focus on applying existing laws, setting clear expectations for any firm managing investor funds in the digital asset space.
"Legal analysts note that while the fraud itself is conventional, the CFTC's consistent classification of BTC and ETH as commodities in such enforcement actions has broad implications. It solidifies the agency's role in the U.S. regulatory landscape for crypto, distinct from the SEC's focus on securities. This case serves as a warning to unregistered pool operators and reinforces the need for transparency and adherence to CPO regulations."
Solana validators have approved SIMD-0096, a governance proposal that changes the network's fee structure. Previously, priority fees—paid by users to have their transactions processed faster—were split 50/50, with half being burned and half going to validators. Under the new model, 100% of priority fees will be directed to the block-producing validators.
Why it matters
This is a significant governance decision that realigns economic incentives for key network participants. By giving validators the full priority fee, the network aims to better reward them for securing the blockchain and processing transactions, especially during periods of high congestion. For governance mechanism design, this serves as a case study in how onchain voting can directly alter the distribution of protocol revenue and influence the behavior of infrastructure operators, with potential knock-on effects on network performance and decentralization.
"Proponents of the change argue that it simplifies the fee model and more directly incentivizes validators to prioritize user transactions, potentially improving network stability. Critics, however, raise concerns that it removes a deflationary pressure on SOL (from the burned fees) and could lead to more centralization of stake around validators who can offer the best returns. The long-term effects on validator behavior and network economics will be a key area to watch."
In response to the $292 million KelpDAO exploit, a multi-protocol coalition called 'DeFi United'—led by Aave and including Compound and EtherFi—has formed to coordinate a recovery plan. The group is using a series of onchain governance votes across different DAOs to manage the crisis. On Wednesday, a formal proposal was submitted to the Arbitrum DAO to unfreeze $73.5 million in assets that Arbitrum's Security Council had previously locked. The broader plan involves controlled liquidations and asset recovery to mitigate bad debt across the affected protocols.
Why it matters
This event showcases a new level of maturity in DeFi governance, moving beyond single-protocol responses to coordinated, multi-DAO crisis management. The formation of 'DeFi United' and its use of established governance mechanisms (like Aave's Recovery Guardian and Arbitrum's Security Council) to contain systemic risk sets a powerful precedent. For onchain organizations, this is a live demonstration of how decentralized governance can be used for complex, high-stakes operational challenges, proving that DAOs can collaborate effectively to protect the broader ecosystem without resorting to centralized control.
"The coordinated response is being hailed as a significant step forward for DeFi's resilience. However, the initial intervention by Arbitrum's Security Council to freeze assets has also reignited debates about the true extent of decentralization in Layer 2 networks. While necessary for crisis management in this instance, critics argue that such centralized 'kill switches' undermine the censorship-resistance ethos of crypto. The successful navigation of this crisis through formal governance proposals could provide a model for future incidents."
The Aave DAO has voted to approve the native deployment of its GHO stablecoin on the Arbitrum network. This strategic move aims to integrate GHO directly into one of the most active Ethereum Layer 2 ecosystems, expanding its distribution and utility for onchain lending, borrowing, and trading. The deployment will utilize Chainlink's Cross-Chain Interoperability Protocol (CCIP) for secure messaging.
Why it matters
This governance decision marks a crucial step in Aave's strategy to make GHO a competitive, multi-chain stablecoin. By establishing a native presence on Arbitrum, Aave is moving beyond Ethereum mainnet to where a significant volume of DeFi activity occurs, increasing GHO's accessibility and potential liquidity. For onchain organizations, this highlights the importance of strategic, governance-led expansion to capture market share and enhance the utility of protocol-native assets in a multi-chain world.
"Analysts view this as a mature approach to stablecoin expansion, prioritizing placement in a high-activity venue with robust technical infrastructure. The success of the deployment will now depend on follow-through from the community and developers to build liquidity and use cases for GHO on Arbitrum. This contrasts with more speculative token launches, focusing instead on long-term utility and integration within a key DeFi hub."
MakerDAO has released more concrete details regarding the token mechanics and distribution plan for the SPARK token, a key component of its 'Endgame' transition. The updated plan clarifies how incentives for the Spark Protocol will function and how various participants, including early users, will be integrated into the new ecosystem structure. This provides a clearer roadmap for the ambitious, multi-year restructuring of the Maker protocol.
Why it matters
This is a significant step in translating MakerDAO's complex Endgame strategy from high-level theory into actionable mechanics. For governance participants and the wider DeFi ecosystem, understanding the SPARK token's role and incentive structure is crucial for navigating the transition of one of DeFi's most important stablecoin ecosystems. This plan directly addresses how value and governance power will be distributed, a core component of any major organizational restructuring, onchain or off.
"The detailed SPARK plan offers much-needed clarity on the user-facing implications of Endgame. The success of the transition hinges on properly aligning incentives to encourage user migration and participation. Analysts are watching closely to see how the market reacts to the specific distribution and staking mechanics, as this will be a major test of the community's buy-in to Rune Christensen's long-term vision for the protocol."
The XRP Ledger has processed over one million commercial transactions conducted by AI agents using the x402 payment protocol, according to the XRPL Foundation. This milestone coincides with the launch of the XRPL AI Hub by Ripple-backed t54.ai, a platform designed to support developers building for the agentic economy. Analysis of the onchain activity shows concrete use cases, including GPU resource rental via Heurist Mesh, task coordination through LucyOS, and data purchasing from AskSurf.
Why it matters
This isn't just a transaction count; it's a demonstration of a functioning machine-to-machine economy with specific, real-world use cases. For onchain organizations, the breakdown of how agents are using the payment rails—renting computation, hiring other agents for tasks, buying data—provides a concrete blueprint for how automated treasury management and operations can function. It shows the 'operational plumbing' for AI agents is moving from theory to practice on a public ledger.
"The launch of the XRPL AI Hub is a strategic move to build an ecosystem around the network's existing payment capabilities, fostering a flywheel of development. While the million-transaction milestone is significant, critics will watch to see if the activity diversifies beyond a few initial partners and whether the economic value of these transactions grows beyond micropayments. Still, it marks a tangible step toward an autonomous agent economy operating onchain."
Grace Investment Machine (GIM), an AI-native investment technology firm, has closed a $20 million Series A funding round. The company is developing agentic AI systems designed to autonomously generate, test, and execute investment hypotheses in capital markets. This marks a shift from AI as a tool for information assistance to AI as an agent with live execution capabilities.
Why it matters
This funding round signals significant venture capital interest in the thesis of fully autonomous financial agents. While GIM is focused on traditional capital markets, the technology and legal precedents are directly applicable to onchain finance. The development of AI that can autonomously manage a portfolio and execute trades raises fundamental questions about 'AI Agents Meet Onchain Orgs' and their legal personhood. An AI that can satisfy institutional investors enough to manage capital is an AI that could, in theory, manage a DAO treasury.
"GIM's approach is to build AI systems that can function like a team of human analysts, but at machine speed and scale. The successful fundraise indicates that investors are betting on the feasibility of 'agentic investing.' This will inevitably put pressure on regulators to clarify the legal status and oversight requirements for such autonomous systems, both in traditional finance and onchain."
Financial regulators in the UK, including the Financial Conduct Authority (FCA) and the Bank of England, are actively evaluating the need for new rules to govern payments made by autonomous AI agents. Current payment regulations are built around human consent, authorization, and liability, frameworks that are ill-suited for machine-initiated transactions. The discussions focus on adapting these principles for an agentic economy.
Why it matters
This proactive regulatory exploration in a major financial hub like the UK is highly significant. It acknowledges that the rise of agentic AI requires a fundamental rethinking of financial regulation, not just an extension of existing rules. For onchain organizations building the payment rails and governance structures for AI, this is a critical development. The regulatory frameworks that emerge from these discussions—particularly around liability allocation and authentication—will shape the global standards for how AI agents can legally and safely participate in the financial system.
"Pinsent Masons highlights that regulators are trying to get ahead of the technology to foster innovation safely. The key challenges identified are defining 'consent' when a user delegates authority to an agent, establishing clear liability when an agent makes an error, and creating new authentication methods suitable for non-human actors. The UK's work here could influence other jurisdictions, including the EU's MiCA framework and U.S. policy."
The SEC's push for a 'Regulation Crypto' safe harbor, which we noted recently hit the agency's July agenda, is taking structural shape. Under the newly revealed RIN 3235-AN38, the forthcoming proposal spearheaded by Chair Paul Atkins is expected to establish temporary registration exemptions for developers, a safe harbor for transitioning to decentralized governance, and fundraising caps for startups.
Why it matters
With the CLARITY Act stalled, the SEC's 'Regulation Crypto' initiative could become the de facto operating framework for U.S. crypto capital formation and onchain organizations. By creating formal rules rather than relying on enforcement actions or staff guidance, the SEC is providing a more durable, though not permanent, legal pathway. For onchain orgs, this provides a clearer 'decentralization runway,' defining criteria for when a token might exit the securities framework as governance becomes sufficiently decentralized. This directly addresses the legal ambiguity that has pushed many projects offshore and is a critical development for any organization designing legal structures and token issuance strategies in the U.S.
"Championed by SEC Chair Paul Atkins, this move is seen as part of a broader shift to make the U.S. more competitive in digital assets. While a formal rule is more stable than prior guidance, it is less permanent than a congressional statute and could be challenged or reversed by a future administration. Legal analysts note the timing is critical, with the potential expiration of a key commissioner's term and the political clock ticking. This action moves the U.S. away from 'regulation by enforcement' toward providing clearer 'rules of the road' for the industry."
The high-stakes standoff over Section 604 of the CLARITY Act has a new high-profile champion. Senator Ron Wyden (D-OR) is actively pushing to ensure the Blockchain Regulatory Certainty Act (BRCA)—the developer safe harbor provision we've been tracking—remains in the broader bill to shield non-custodial developers and validators from being misclassified as money transmitters.
Why it matters
This is a crucial fight for the future of decentralized development in the U.S. The BRCA's protections are vital for shielding open-source contributors from liability for how their code is used by third parties, a core issue highlighted by the Tornado Cash case. Its inclusion in the CLARITY Act would provide essential legal clarity that allows developers to innovate without fear of facing regulations designed for custodial financial institutions. For onchain organizations, this directly impacts the health of the developer ecosystem they rely on.
"While the crypto industry and civil liberties groups strongly support the BRCA for fostering innovation, some law enforcement groups have opposed it, raising concerns it could hinder efforts to combat illicit finance. This debate represents a core tension in crypto regulation: balancing innovation and developer freedom against law enforcement's desire for regulatory choke points. The provision's fate within the CLARITY Act is a key indicator of where Congress will land on this issue."
According to a new report from Tiger Research, institutional activity in Real-World Assets (RWAs) is evolving beyond simply wrapping existing assets as tokens. The focus has shifted to a more fundamental rebuilding of capital market infrastructure, including clearing, settlement, custody, and liquidity layers on-chain. Projects like Broadridge's Distributed Ledger Repo platform and the DTCC's work on tokenizing U.S. Treasuries are cited as examples of this deeper integration.
Why it matters
This shift from simple tokenization to a full-stack infrastructure overhaul is the critical next step for institutional adoption of onchain finance. For DAOs and corporate treasuries, this means the 'operational plumbing' is becoming more robust and compliant. The focus on privacy, atomic settlement, and regulated on-chain repo markets addresses the core requirements of professional treasury managers, paving the way for more sophisticated RWA allocation, stablecoin strategies, and ultimately, a more capital-efficient and transparent financial system built onchain.
"The report emphasizes the demand for public-permissioned structures that offer both the transparency of public chains and the control of private networks. While the total RWA market value surpasses $60 billion, other analyses point out that much of this value is illiquid and not yet composable within DeFi. This infrastructure-first approach aims to solve that problem, unlocking the true potential of RWAs by making them active, yield-generating components of the onchain economy."
The Secret Network community is formally considering a proposal to migrate its native SCRT token from its own Cosmos-based chain to Arbitrum, an Ethereum Layer 2 network. The proposal, with a planned governance snapshot on September 1, cites a recent $4.7 million bridge exploit, deteriorating liquidity in the Cosmos ecosystem, and the growing threat of AI-assisted vulnerability discovery in older codebases as primary motivations for the strategic shift.
Why it matters
This is a significant event in the competitive landscape of blockchain infrastructure, demonstrating that even established projects are willing to undergo major migrations to find better security and deeper liquidity. For onchain governance, this is a prime example of a DAO using its authority to make a foundational strategic decision about its own survival and future viability. The explicit mention of AI-driven exploit risk as a factor highlights a new and evolving threat model that all onchain organizations must now consider in their security and infrastructure choices.
"Proponents of the move argue that accessing Arbitrum's robust security, large user base, and deep liquidity is essential for Secret Network's long-term health. The migration would transform SCRT into an ERC-20 token, simplifying integration with the broader Ethereum DeFi ecosystem. Opponents may lament the loss of sovereignty associated with operating a dedicated L1, but the proposal frames it as a pragmatic choice for survival and growth in a rapidly changing environment."
'Code is Law' Meets Corporate Fraud as BonkDAO Attack Triggers Legal Scrutiny The $20 million governance exploit at BonkDAO, executed by an attacker who purchased voting power, is rapidly escalating from a technical debate to a legal one. Ripple's CTO David Schwartz and others are framing the act not as a clever use of mechanics, but as prosecutable corporate fraud. This case serves as a critical stress test for the legal liabilities of token holders and the personhood of unwrapped DAOs, pushing the industry to confront the limitations of purely onchain governance.
SEC Moves to Preempt Congress with 'Regulation Crypto' Safe Harbor While the CLARITY Act languishes, the SEC is advancing its own comprehensive crypto framework. The 'Regulation Crypto' proposal, expected this month, aims to create a safe harbor and clear fundraising pathways for startups. This administrative-led approach could provide immediate, though less permanent, regulatory clarity, defining how projects can launch and decentralize in the U.S.
Legal Personhood for AI Agents Enters Academic and Judicial Arenas The theoretical debate over AI legal status is becoming concrete. A new academic paper proposes a 'financial Turing test' for granting 'financial personhood' to AI agents based on their ability to act as investment counterparties. At the same time, courts are grappling with how traditional agency law applies to autonomous AI actions, forcing a re-evaluation of liability that is critical for integrating AI into onchain organizations.
Infrastructure for Agentic Economies Matures with Key Platform Launches The foundational layers for a machine-to-machine economy are solidifying. Cloudflare is monetizing AI web access with its x402-based gateway, BNB Chain has launched a studio to accelerate on-chain AI agent deployment, and the XRP Ledger has now processed over one million agentic payments. These developments show a move from theoretical protocols to live, production-grade infrastructure for autonomous agents.
Major DeFi Protocols Demonstrate Cross-Chain Strategy and Crisis Coordination Mature DeFi protocols are showcasing sophisticated governance in action. Aave is strategically expanding its GHO stablecoin natively to Arbitrum to capture Layer 2 liquidity. In parallel, 'DeFi United,' a coalition led by Aave, is coordinating a multi-protocol response to the $292M KelpDAO exploit, using onchain governance to manage the recovery and mitigate systemic risk, setting a precedent for industry-wide crisis management.
What to Expect
July 12—Snapshot vote closes for Uniswap proposal to expand the UNI burn program to V4 pools.
July 13—Potential binding on-chain vote for Uniswap's V4 UNI burn proposal, pending successful Snapshot vote.
August 17—Deadline by which American CryptoFed expects its Form 10 registration for the Locke token to become effective with the SEC.
September 1—Proposed snapshot date for Secret Network community governance vote on migrating the SCRT token from Cosmos to Arbitrum.
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