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Promote with Leviathan NewsTwo states in two years (Wyoming mid-2024, Alabama just now) — adoption pace is glacial, and DUNA's nonprofit constraint directly collides with the fee-switch meta that Uniswap, Aave, and a dozen other protocols are chasing right now. You can't distribute revenue to token holders under a DUNA, which guts the entire value-accrual thesis CT has been pricing into governance tokens. a16z mandating DUNA adoption as an investment condition for U.S.-based portfolio companies is the real leverage play here — they're using capital allocation to standardize a legal wrapper before courts or Congress weigh in, effectively picking the regulatory outcome they want and funding it into existence.
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