Sushi is reportedly the first DAO to be targeted by Gary Gensler's SEC.
Sushi DAO proposed the creation of a legal defense fund March 21 in response to the “recent” subpoena of Sushi head Jared Grey and the decentralized autonomous organization itself by the United States Securities and Exchange Commission .that it was cooperating with the SEC and, “We do not intend to comment publicly on ongoing investigations or other legal matters.” One community member commented:
“How does ‘sushi’ even get subpoenad [sic]? The human I get, but sushi is a dao. […] How are they trying to get the dao? By pressuring us with going after Jared [Grey]? I got no letter in my mail and I am the Dao just like all the other members.”
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