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  7. BarnBridge DAO Slapped With More Than $1,700,000 in Penalties Over Charges of Selling Unregistered Securities

BarnBridge DAO Slapped With More Than $1,700,000 in Penalties Over Charges of Selling Unregistered Securities

The U.S. Securities and Exchange Commission (SEC) has slapped BarnBridge DAO (BOND) and its founders with more than $1.7 million worth of penalties for allegedly offering unregistered crypto asset securities. The SEC says BarnBridge, a decentralized finance (DeFi) protocol, marketed and offered a product called “SMART Yield bonds” and compared them to asset-backed securities. A...

Read full story at The Daily Hodl >