bullish
What Will Crypto SPACs Look Like in 2023?
SUMMARY
- If 2021 was the year when crypto SPACs became mainstream, 2022 was the year of what could have been.
- This week, Peter Theil-backed crypto exchange Bullish finally called it quits on its $9 billion merger with Far Peak Acquisition Corp, nearly seventeen months after announcing the transaction in July 2021.
- Bullish isn’t the only though; several large Crypto SPAC transactions, like Circle, Roxe, and eToro, have all been called off their mega-mergers this year due to regulatory hell.
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