Odaily Planet Daily News: SushiSwap CEO Jared Grey and his lawyers said that as far as they know, no one associated with Sushi has violated the U.S. federal securities laws, while guaranteeing that he is cooperating with the U.S. SEC subpoena-related investigation. Last month, Jared Grey received a subpoena from the U.S. SEC for documents and information related to Sushi. In a statement released on April 8, Jared Grey answered the community's most concerned questions about the subpoena in the form of a FAQ. He said it is unclear whether the SEC will issue subpoenas to other people related to Sushi in the future. "We do not know whether the SEC claims to issue subpoenas to any other person or entity it believes represents the Sushi community." Jared Grey assured the public that the investigation does not mean that there is any wrongdoing. He said, "The investigation does not mean that the SEC has concluded that 'Jared, Internet Three Software Company or Sushi has violated any law.' In addition, the investigation does not mean that the SEC has a negative view of any person, entity or asset." Jared Grey acknowledged the news about the Sushi DAO Legal Defense Fund, a $3 million special fund he proposed to the community on March 21 after the subpoena was served. He said he was working to ensure there were enough funds to "deal with legal needs for operational continuity and protect core contributors." He stressed that any unused funds in the Sushi DAO legal defense fund should be returned, provided that all legal fees have been paid. (Cointelegraph) As previously reported, in March, the U.S. SEC issued a subpoena to SushiSwap and its new "chef" (CEO) Jared Grey. Jared Grey asked Sushi DAO to fund a 3 million USDT legal defense fund to cover costs related to the SEC investigation. Sushi sought to establish a legal entity last year to reduce the liability of contributors and DAOs.
