Excited to see crypto policy progress in Congress – however I do want to clarify some claims from @RepCasten in the hearing yesterday 👇

1/ Only the Uniswap DAO – run by a decentralized governance process in which anyone who owns a UNI token can vote – has the ability to spend the funds in the Uniswap treasury, turn on protocol fees, and expand the protocol BSL.

2/ By that same governance process, the @UniswapFND was created and is funded to encourage ecosystem growth. We do not control the Protocol – no one does.

3/ We’ve been honored to have the strong support of the DAO (>85% support across 3 votes) since our formation 3 years ago.