The BarnBridge project's BOND cryptocurrency has doubled in price after the project team agreed to unspecified demands from the US Securities and Exchange Commission (SEC).

- BOND token traded at $4.20 on Saturday, continuing two days of gains and reaching its highest price since May.

- The rise began after a BarnBridge representative gave founders Tyler Ward and Troy Murray "the authority to take all actions necessary to comply with the Order" from the SEC, including paying a fine.

- The wallet associated with the team and controlling the largest share of voting power voted alone in BarnBridge's poll on what to do next.

- Securities regulators have been investigating the decentralized finance protocol (DeFi) since July. After this, the protocol stopped funding development, hired a lawyer and blocked the Discord server.