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BarnBridge DAO Members Vote to Comply with SEC Demands and Nominate Special Delegates

The members of the decentralized autonomous organization (DAO) BarnBridge have voted unanimously to comply with potential demands from the United States Securities Exchange Commission (SEC) and pay fines if necessary. Tyler Ward and Troy Murray have been appointed as special delegates to deal with the regulator, while Douglas Park remains the DAO's legal counsel.

The DAO's Treasury has also been authorized to sell all tokens it is permitted to sell if needed. The SEC's investigation into BarnBridge began in June 2023, and the price of its native token, BOND, has been gradually falling since its peak in July 2021.

BarnBridge BarnBridge $1.68
+2.57%
SEC
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