Japan-based decentralized autonomous organization (DAO) Sushi head chef Jared Gray and his attorney stated that, to their knowledge, no one associated with Sushi has violated US federal safety laws. Commission citation Exchange (SEC).
on an april 8 statementGray responded to the most frequently asked questions from the community in an FAQ format regarding the subpoena he was served, suggesting that it is unknown what SEC stock Will take it towards other associates with Sushi in the future.
"We do not know, one way or another, whether the SEC has attempted to serve a subpoena on any other person or entity it believes represents the sushi community," it said.
Gray assured the community that the investigation does not involve any crime. He stated:
“The investigation does not mean that the SEC has concluded that Jared, the Internet Three Software Company or Sushi have violated any law. In addition, the investigation does not mean that the SEC takes a negative view of any person, entity, or asset."
Gray Acknowledged Sushi DAO Legal Defense Fund: $3M Dedicated proposed to the community on March 21 after the subpoena was served, stating that it is trying to secure adequate funding to "handle legal needs for business continuity and protect major contributors."
He stressed that any unused funds in the Sushi DAO Legal Defense Fund will be refunded, provided all legal costs have been covered.
Related: Launch of zkSync Era with Uniswap and Sushi: first zkEVM on the mainnet
Following the statement, Gray told his Twitter followers on April 9 that they can expect Sushi's new concentrated liquidity model, V3, to be officially announced next week.
We've yet to officially announce V3 on Sushi (early next week, folks), but we've already seen a 100% increase in V3 TVL in the last 24 hours. Things will get interesting in the coming weeks, with over 30 networks supporting V3 in the second most OG DEX, Sushi.
— Jared Gray (@jaredgrey) April 8, 2023
Cointelegraph reached out to Gray for comment, but stated that he "cannot comment beyond what the FAQ section provides."
Magazine: US Enforcement Agencies Are Turning Their Heads On Crypto-Related Crimes
Post navigation
/cloudfront-us-east-2.images.arcpublishing.com/reuters/3IZFFU5T7FJS3J6XTMH5U424YQ.jpg?w=75&resize=75,75&ssl=1 "Binance’s US arm struggles to find bank to take its customers’ cash, Wall Street Journal reports")
