The Uniswap Foundation has filed a proposal that would register Uniswap Governance as a Wyoming Decentralized Unincorporated Nonprofit Association (DUNA), providing the decentralized exchange’s governing body with formal legal status in the United States. The plan, published Monday, would convert the community-run organization of UNI token holders and delegates into one of the largest entities to operate under the new Wyoming framework for decentralized autonomous organizations. If approved, the structure would let the DAO contract, own assets, hire service providers and limit members’ personal liability, addressing a long-standing legal gap. The foundation also seeks authorization to spend $16.5 million in UNI to cover historic tax and legal expenses tied to the transition. Wyoming Senator Cynthia Lummis welcomed the move, saying it underscores the state’s “best-in-class” digital-asset statutes. Greater legal certainty could clear the way for reviving the so-called “fee switch,” a contentious proposal that would route a portion of Uniswap’s trading fees to UNI holders. The exchange generated about $122 million in fees over the past 30 days and currently secures roughly $6 billion in user assets, according to DefiLlama. A vote on the DUNA proposal is expected through Uniswap’s on-chain governance process.