Sushi is looking for 3 million USDT defense funds for SEC loading

Sushi is looking for 3 million USDT defense funds for SEC loading

Jared Gray-the "Chef" (CEO) of the automated marketmaker Sushi Swap-tries to set up a right-back fund of $ 3 million after it was charged by the Securities and Exchange Commission (SEC).

gray refused to continue to comment on ongoing investigations, but said that he and sushi would work with the agency.

• in a blog entry on Tuesday said gray that the new right-back fund from sushi dao " Lawyers' fees ”for the most important contributors who have been active since ratification sushi 2.0 .
• The funds for the DAO are collected by a combination of Kanpai fees (50 %), grants (35 %) and the sale of the sushi token (15 %). Sushi fell by 2.34 % that day.
• The 3 million USDT are kept in a new multinis, and their funds are made available for payment of legal costs as required.
• "The international regulatory environment for Daos remains in the flow, and the options for premium insurance policies remain limited," wrote Gray. "It has been shown that funds must be available in order to meet the legal requirements for operational continuity and to protect the most important contributors."
• A DAO is a decentralized autonomous organization that is theoretically decentralized by token owners with voting rights. However, a commentator for Grey's proposal asked how the Sushi Dao was "pre -charged" at all.
• "I have not received a letter in my post and I am the DAO, just like all other members," he wrote.
• Others asked Gray to publish the specific claims of the agency against Sushi in order to "uncover the lawlessness of the Sec".
• The SEC has countless criticism from the preserved crypto industry / Industrial-friendly politicians For the submission of numerous complaints and investigations against crypto companies in an environment of regulatory uncertainty.

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