Sushi DAO in Hot Water: il capo chef richiede $ 3 milioni di USDT per il fondo per la difesa legale

La Securities and Exchange Commission (SEC) ha emesso un mandato di comparizione a Sushi DAO e al suo "capo chef", Jared Grey, come parte degli sforzi in corso del regolatore per esaminare il settore della finanza decentralizzata (DeFi) e le criptovalute. La notizia è stata annunciata in un post sul blog del Sushi Forum.

Timeline of Sushiswap, Tether

The Securities and Exchange Commission has served a subpoena on the Sushi DAO and its Head Chef Jared Grey. SEC after a DEX scalp The SEC is continuing its enforcement push on crypto, targeting some of the more important infrastructure in the crypto ecosystem.

What comes as a shocker for the crypto market, leading decentralized exchange (DEX), SushiSwap and its Head Chef Jared Grey, have been served with a subpoena by the U.S. SEC recently. The team is currently in the process of having discussions with the financial watchdog and has refrained from commenting publicly about the ongoing investigation.

The United States Securities and Exchanges Commission (SEC) has taken a swing at yet another crypto-entity. This time around the commission has issued a subpoena against SushiSwap – a decentralized exchange.

Tether (USDT) maintains its leadership with a 10% increase in market cap over the past month. In contrast, other stablecoins such as USD Coin (USDC), Binance USD (BUSD), and DAI record a continuous decline.

The market capitalization of the popular stablecoin tether (USDT) has risen as other stablecoins, including Circle's USD coin (USDC) and MakerDAO's DAI briefly lost their pegs over the weekend.

In a rapid turn of events, Tether's stablecoin dominance has surged to its highest point in a year and a half, a feat crypto watchers attribute to difficulties surrounding rival stablecoins USDC and BUSD.

The market reacted with a big sell-off, depegging the stablecoin from the dollar, just after Circle disclosed Silicon Valley Bank did not transfer $3.3 billion of its USD Coin holdings. Not all crypto investors, however, had the good fortune to escape from the unforeseen condition with their funds.

Key Points: Tether, one of the world's major stablecoin issuers, has accused The Wall Street Journal (WSJ) of printing and distributing misleading information about the firm and its procedures.

In 2022, however, the implosion of the algorithmic stablecoin UST had put fears into circulation that also concerned Tether's resilience. And so its market capitalization declined, due to many USDT returns.

Even though DEXs have gained popularity after FTX's collapse, the competition within the sector has increased too. SushiSwap is one of the DEXs that has struggled to outperform its competitors during this period.