The recent departure of the Electric Coin Company (ECC) team has sparked a significant governance dispute within the Bootstrap board, prompting an official statement to clarify the situation. The board's comments shed light on the complexities surrounding a proposed transaction involving Zcash, and the publication provides the following information: the situation is evolving and requires careful consideration.
Bootstrap Board's Statement on Team Exit
In their statement, the Bootstrap board expressed disappointment over the team's exit, emphasizing that the disagreement stems from legal and governance issues rather than any conflict regarding Zcash's core mission. They reiterated the necessity of adhering to the legal and fiduciary responsibilities that come with operating as a 501(c)(3) nonprofit organization.
Importance of Compliance and Asset Utilization
Furthermore, the board underscored the critical importance of ensuring that Bootstrap's assets are utilized in alignment with their intended purpose. This commitment to compliance is seen as essential for maintaining the integrity and mission of the organization even amidst internal challenges.
The recent governance dispute within the Aave community over the control of revenue from token swaps contrasts with the ongoing challenges faced by the Bootstrap board following the ECC team's exit. For more details, see Aave governance dispute.
