In addition to the inevitable legal issues that are sure to come, this is us - today.
We need to set aside a monthly budget pool that goes towards a “Legal Expense” pool. If not, what happened to every single DAO that’s either dead or dying, is going to happen to us.
So, setting aside a measly $6.5K per month legal fund is incredibly short-sighted. At a minimum, this needs to be $100K per month for $1.2M per year. Then capped for 24 months so, once the fund reaches that amount some months down the road, it no longer increases. This way, the legal pool is sitting there waiting to be spent because the primary target is not going to be the DAO entity itself, the target is going to be the entire Ape Foundation because of how it has setup its structure. Everyone - and do I mean everyone in the org chart - is likely to get a subpoena once the SEC/CFTC get around to their full-blown crack down.