BarnBridge, a DeFi protocol entangled in legal proceedings with the US Securities and Exchange Commission (SEC), has turned to its token holders for guidance. A voting process began on October 10th, allowing token holders to decide on a proposal granting BarnBridge creators Tyler Ward and Troy Murray the authority to comply with SEC directives. The voters unanimously approved the proposal, which also includes paying any disgorgement amounts required by the SEC and authorizing legal counsel Douglas Park to sign the final order on behalf of the project.

BarnBridge, which offers interest rate swaps, halted several related products in July to minimize potential legal liability after the SEC opened an investigation. Since then, its native token, BOND, has lost nearly 50% of its value, and Coinbase suspended BOND trading on its platform in August. The recent DAO vote signals the founders' intention to adhere to the regulator's requests, indicating a potential winding down of operations.