SEC Blasts 'Purportedly Decentralized' DAOs in $1.7M Settlement with BarnBridge
The Ethereum-based crypto project will shut down its structured crypto investment product, called SMART Yield, which BarnBridge had compared to "highly rated debt instruments." Financial regulators SMART Yield failed to register as an investment company even as it amassed $509 million from crypto…
#ethereum #smartyield #barnbridge #dao #bond #defi #drewhinkes #hinkes #hesterpierce #murray