After consideration Treasure’s Arbitrum Representative Council (ARC) would like to share the following feedback on the proposal
TreasureDAO’s ARC will vote in favor (FOR) of this proposal, choosing the ‘500k each’ option.
Although this proposal might be imperfect, we can also not expect an initial proposal to fund web3/crypto litigation to be perfect. We do however realize that there is some time-sensitivity at play, because court cases continue regardless of Arbitrum DAO funding. On top of that, funding crypto litigation sends a clear signal that Arbitrum DAO is willing to stand alongside the institutions that are defending our rights to privacy, as well as our rights to develop (on) and make use of blockchain technology. This way, Arbitrum DAO can potentially grow towards a better and more organic way of funding the institutions that defend our rights. For these reasons, the Treasure ARC has decided to fund both DEF and Coin Center with 500.000 $ARB each, instead of the 1.000.000 $ARB that @immutablelawyer would have voted for if he were to be a delegate. This gives the DAO more control over the situation and hopefully motivates one or both of these parties (or any other party standing up for crypto rights) to come to the DAO themselves if (additional) funding is needed.