...what even is SushiDAO? A Google search for "What is SushiDAO?" just gave a lot of articles with crypto-word-soup.
It's a crypto exchange.
SushiDAO served with subpoena by SEC
11–20 of 71 posts
Re: SushiDAO served with subpoena by SEC
#12Per the comments in the thread, they didn't post the subpoena and people are wondering whether this is real.
Re: SushiDAO served with subpoena by SEC
#13Funny that the founder can just submit to vote what is effectively “I need $3M USD and if that runs out additional $1M sums in perpetuity” with zero oversight on how it’s spent, outside of claiming it will be spent on legal costs.
Re: SushiDAO served with subpoena by SEC
#14Earlier quoted context omitted.
what is r/FlordiaMan material?
That would be Reddit collections of horrible acts by male Florida residents. The term derives from some formal bad writing conventions in news organizations.
Fark. The website you're looking for is Fark. Reddit is far too young.
Re: SushiDAO served with subpoena by SEC
#15...what even is SushiDAO? A Google search for "What is SushiDAO?" just gave a lot of articles with crypto-word-soup.
>SushiDAO is a decentralized autonomous organization (DAO) that operates as a decentralized exchange (DEX) for cryptocurrencies[1]. It allows users to trade cryptocurrencies without the need for a central operator administrator, using their own preferred connected crypto wallet. SushiDAO has recently been in the news due to legal action taken against it by the U.S. Securities and Exchange Commission (SEC)[2][3]. In response, SushiDAO has proposed creating a legal defense fund to cover legal costs for core contributors and multisig participants[4][5].
Perplexity is a lot friendlier to crypto in search. https://www.perplexity.ai/search/61e58dba-0ef2-49fb-bc11-bf4...
Re: SushiDAO served with subpoena by SEC
#16$3M USD for legal fees - in what sort of banana republic is that necessary?
Re: SushiDAO served with subpoena by SEC
#17$3M USD for legal fees - in what sort of banana republic is that necessary?
> in what sort of banana republic is that necessary
For responding to a civil subpoena? None.
Re: SushiDAO served with subpoena by SEC
#18Honestly, I'm also flabbergasted when the guy is basically running an unregulated exchange that offers what are almost certainly unregistered securities[1] (definitionally, the value of $SUSHI LP tokens goes up when people trade other projects' tokens, so the Howey Test is clearly violated) and freely chooses to live in the US. The SEC is shooting fish in a barrel.
Re: SushiDAO served with subpoena by SEC
#19Funny that the founder can just submit to vote what is effectively “I need $3M USD and if that runs out additional $1M sums in perpetuity” with zero oversight on how it’s spent, outside of claiming it will be spent on legal costs.
"I won't comment on legal matters" "But I'm asking for legal funds"
I'm asking for funds too. On matters I can't discuss. Does that apply too?
/s
Re: SushiDAO served with subpoena by SEC
#20[flagged]