Sushi’s head chef addresses community concerns amid SEC subpoena

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Sushi’s head chef addresses community concerns amid SEC subpoena
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Grey emphasized in an April 8 statement that the investigation does not mean that the SEC has concluded that any U.S. federal security laws have been violated.

“We do not know, one way or the other, whether the SEC has purported to serve a subpoena on any other person or entity that it believes represents the Sushi community” it was noted.“The investigation does not mean that the SEC has concluded that Jared, Internet Three Software Company, or Sushi has violated any law. Also, the investigation does not mean that the SEC has a negative opinion of any person, entity, or asset.

He emphasized that any unused funds in the Sushi DAO Legal Defense Fund shall be refunded, provided that all legal costs have been covered.Following the statement, Grey told his Twitter followers on April 9 that they can expect Sushi’s newly deployed concentrated liquidity model, V3, to be officially announced next week.

We've yet to officially announce V3 on Sushi , but we've already noticed a 100% increase in V3 TVL in the past 24 hours. Things will get interesting over the coming weeks, with 30+ networks supporting V3 on the second most OG DEX, Sushi.Cointelegraph reached out to Grey for comments but stated he “can’t comment further than what the FAQ provides.”

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