Uniswap’s DAO drama sparks debate on decentralisation in Congress

Uniswap Labs' chief legal officer Katharine Minarik and Representative Sean Casten, a Democrat from Illinois, clashed at a House hearing on a crypto bill over whether the Uniswap Foundation can make unilateral decisions and whether DeFi protocols would have to verify customers. Casten asked whether the Uniswap Foundation's unilateral decisions weaken claims of decentralisation, and Minarik replied that the foundation cannot make any unilateral governance change. Minarik said Uniswap would not be required under the bill to screen customer identities, adding, "We do have other obligations." The Uniswap DAO holds about $2.3 billion in Uniswap tokens.