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BOND Token Slumps 10% as BarnBridge Faces SEC Investigation

Team members of the decentralized finance (DeFi) protocol BarnBridge are being investigated by the U.S. Securities and Exchange Commission (SEC) in the latest regulatory tussle faced by a crypto company in the country. BarnBridge offers interest rate swaps that allow for any variable yield offered by crypto platforms, to be swapped to a fixed rate. It had just over $1.2 million locked tokens as of Friday. “I am letting you know that the Securities and Exchange Commission is investigating Barnbridge DAO and individuals associated with the DAO,” wrote Douglas Park. BarnBridge’s BOND tokens slumped over 10% following the Discord message posted by Park.

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