ChainCatcher message, Sushi states that Sushi DAO continues to operate in a decentralized manner. Sushi DAO has not been replaced or dissolved and will continue to operate, playing a crucial role in governance and decision-making. Sushi has adopted a council structure that enables the community to effectively manage resources. The new structure includes four committees: Sushi High Kitchen, Treasury Council, Grants Council, and Ambassador Council, each focusing on specific areas to ensure effective governance and strategic execution.Sushi Protocol: Still permissionless, the services of the protocol are fully open for public use;Sushi Bar Revenue Distribution: Revenue is still distributed to the bar, and xSUSHI holders are entitled to share a portion of the platform's trading fees;Sushi Labs: Building better products faster for users.

ChainCatcher news, according to The Block, a financial proposal from Sushi DAO has passed the initial signaling vote, which suggests transferring over $40 million of DAO-controlled financial assets to a new treasury managed by Sushi Labs.It is reported that this vote received a support rate of 62.5%, and an implementation vote is currently underway, expected to conclude on April 17.

ChainCatcher message, SushiSwap CEO Jared Grey has initiated a new proposal. The proposal states that the U.S. Securities and Exchange Commission (SEC) recently issued subpoenas to Sushi and Jared Grey. He suggests that Sushi DAO provide 3 million USDT to establish a Sushi DAO legal defense fund to cover expenses related to the SEC investigation.According to Jared Grey's proposal, 50% of the funds will come from Kanpai fees, 35% from grants, and 15% from Sushi. Additionally, the proposal states that if the funds are exhausted, the DAO will provide 1 million USDT as needed until the legal proceedings are concluded. (source link)

ChainCatcher news, the Sushi DAO community revealed that Sushi DAO and its CEO Jared Grey have received a subpoena from the U.S. Securities and Exchange Commission (SEC).A proposal to establish a "Sushi DAO Legal Defense Fund" was posted in the Jared Grey community, which will provide 3 million USDT to cover legal fees for core contributors. Additionally, he stated, "We are cooperating with the SEC. We do not intend to publicly comment on the ongoing investigation or other legal matters." (CoinDesk)

Chain Catcher news, according to CoinDesk, Sushi DAO is considering reforming its legal structure to reduce regulatory risks, potentially splitting the DAO into three legal entities located in Panama and the Cayman Islands.According to previous reports, the Commodity Futures Trading Commission has sued Ooki DAO for allegedly using the DAO structure to evade regulation. Over the past six months, more than 1,800 wallet addresses have voted in Sushi DAO, with Sushi DAO's influence concentrated among heavyweight token holders. (CoinDesk)