Sushi DAO proposed the creation of a legal defense fund on March 21 in response to the “recent” subpoena of Sushi head Jared Grey and the decentralized autonomous organization (DAO) itself by the United States Securities and Exchange Commission.
The DAO’s proposal did not provide details about the SEC subpoena. It stated that it was cooperating with the SEC and that “we do not intend to comment publicly on ongoing investigations or other legal matters.” One community member commented: