TechFlow news — The U.S. Securities and Exchange Commission (SEC) has issued a subpoena to SushiSwap and its newly appointed CEO, Jared Grey.
Jared Grey has requested that the Sushi DAO fund a $3 million USDT legal defense fund to cover expenses related to the SEC investigation. Last year, Sushi sought to establish a legal entity to reduce liability for contributors and the DAO.
As of now, the SEC has not immediately responded to requests for comment, and Grey stated that Sushi does not "intend to make public comments regarding ongoing investigations or other legal matters."Original link
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