In this week’s roundup, we also look at Nexo’s new dual investment product and Hong Kong SFC’s new requirements on crypto spot ETF.
BarnBridge DAO, which runs a decentralised finance (DeFi) protocol, and its founders have agreed to pay US$1.7m to settle allegations from US Securities and Exchange Commission (SEC) that it failed to register its offer and sale of structured crypto asset securities. The use of blockchain technology for the unregistered offer and sale of structured finance products to retail investors runs afoul of the securities laws - Gurbir S. Grewal, SEC The protocol and founders Tyler Ward and Troy Murr