SushiSwap and its CEO received a subpoena from the US regulator

The US Securities and Exchange Commission (SEC) has become interested in the affairs of the decentralized exchange SushiSwap. The decentralized autonomous organization (DAO) that runs the exchange, as well as its leader, received subpoenas to court.

The head of the exchange, Jared Gray, proposed the creation of a fund for legal protection, since his own fund of $100,000 was not enough.

The DAO did not reveal any details about the agenda. Sushi’s statement only says that it is cooperating with the SEC, “however, it does not intend to publicly comment on ongoing investigations or other legal matters.”

One of the community members felt it necessary to express his opinion: “How could Sushi even get a subpoena? Man I understand but sushi is DAO. […] How are they trying to expose the DAO? Putting pressure on us to go after Jared [Грея]? I haven’t received any emails, and I’m also a DAO member like everyone else.”

The Sushi DAO operates the SushiSwap decentralized exchange using the SushiSwap (SUSH) token. Sushi became the first DAO to be sued by the SEC and its chairman Gary Gensler. Despite the fact that the regulator has been dealing mainly with issues related to the cryptocurrency industry for the past few months.

In February, the SEC forced centralized exchange Kraken to drop its staking service for US customers. Kraken paid a $30 million fine.

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