Head chef of Japan-based decentralized autonomous organization (DAO), Sushi, Jared Grey and his counsel stated that as far as they know, no one associated with Sushi has violated U.S. federal security laws. Grey provided reassurance that he is cooperating with a subpoena from the United States Securities and Exchange Commission (SEC).

Sushi’s head chef Jared Grey and his counsel described the investigation as a “non-public, fact-finding inquiry” that doesn’t suggest the SEC has “any negative opinion of any person, entity or asset” related to the DAO.