BOND, the token of BarnBridge DAO, which was under investigation by the US Securities and Exchange Commission (SEC) and therefore stopped all its activities in August, rose over 300 percent in two days.

The token’s surge follows the conclusion of a vote on Tuesday. The vote asked whether to authorize the protocol’s founders, Tyler Ward and Troy Murray, to take whatever steps necessary to comply with the SEC’s demands. The two-day vote concluded on Thursday and the requested authorization was granted by a single vote. While no other wallet participated in the vote, this single vote belonged to a wallet affiliated with the team.

From $1.62 to $6.75 in two days

Traded at $1.62, BOND rose as high as $6.75 today in its two-day rise. The token, which quadrupled in a short time, then fell and is trading at $ 5.77 as of 17.15 UTC.

On Binance’s watchlist

Binance announced on October 4 that it had placed four tokens on its monitoring list, a move that means they could be delisted. Among them was BOND. The token is still on the monitoring list, while the other tokens were BETA, WTC and XEM.

DeFi protocols targeted by SEC

The SEC has recently stepped up its crackdown on DeFi protocols and DAOs. The agency previously launched an investigation against the American CryptoFed DAO, which is legally recognized in the country.