In an email announcement sent to Bitcoin developers on January 12, Dorsey explained that the initiative is for Bitcoin developers who are “especially susceptible to legal pressure.”
He explains that it is a free and voluntary option for developers who wish to take advantage of the initiative. An excerpt from the proposal reads;
The Bitcoin Legal Defense Fund Board
The Fund is a non-profit entity, and Dorsey, Morcos, and White form the Bitcoin Legal Defense Fund Board. The board will help defend developers against legal disputes and provide funding for outside counsel.
In addition, the board will be responsible for determining which lawsuits and defendants it will help defend. Now in its early stages, the Fund will employ the services of volunteer and part-time lawyers.
On the Flipside
Why You Should Care
The Fund looks to allow developers with legal disputes to continue their work in the open-source Bitcoin community.
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Source: Cryptocurrency - investing.com
