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BOND Token Soars After BarnBridge Votes to ‘Comply’ With SEC

BarnBridge’s BOND more than doubled in price after the defunct crypto derivatives project indicated it will acquiesce to unspecified demands by the U.S. Securities and Exchange Commission. The token was trading at $4.20 Saturday afternoon, continuing a two-day rally that lifted the governance asset — BOND holders use it to vote on decisions at BarnBridge — to its highest price since May. The rally began shortly after a BarnBridge insider cleared the way for founders Tyler Ward and Troy Murray “the authority to undertake all actions necessary to comply with the Order” from the SEC, including paying a fine.

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