BarnBridge DAO agrees to settle $1.7M with the SEC for charges against it
BarnBridge DAO, founders to settle SEC charges for $1.7M over unregistered SMART Yield bonds. SEC alleges failure to register crypto asset securities, cites violation of securities laws. Gurbir Grewal emphasizes blockchain compliance, highlighting the universal application of securities laws. Decentralized finance (DeFi) protocol BarnBridge DAO and its founders, Tyler Ward and Troy Murray, are set to pay over $1.7 million to settle charges brought by the Securities and Exchange Commission (SEC). The charges against BarnBridge were related to the failure to register the offer and sale of their structured crypto asset SEC urities known as SMART Yield bonds. The SEC alleged that the DAO and its founders marketed these bonds without proper registration, a violation of SEC urities laws. BarnBridge DAO’s $1.7M settlement BarnBridge DAO, a player in the evolving DeFi space, has agreed to a settlement exceeding $1.7 million with the SEC. The settlement incl...