The U.S. Securities and Exchange Commission (SEC) has issued a subpoena to SushiSwap and its new “chef” (i.e. CEO) Jared Grey. Jared Grey asked Sushi DAO to fund a 3 million USDT legal defense fund to cover expenses related to the SEC investigation. Sushi sought to establish a legal defense fund last year to cover the legal expenses of Sushi core contributors.
At present, the SEC did not immediately respond to a request for comment, and Gray said Sushi does not intend to comment publicly on ongoing investigations or other legal matters. (The Block)
