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Crypto exchange Bullish announces termination of SPAC deal, citing SEC practices

In a Dec. 22 announcement, Bullish said it had reached a mutual agreement with Far Peak Acquisition to no longer merge in a deal that would have seen it listed on the New York Stock Exchange. Bullish Chair Brendan Blumer, also the CEO of Block.one, cited the United States Securities and Exchange Commission’s work to “lay new digital asset frameworks and clarify industry-specific disclosure and accounting complexities” in the company’s decision not to move forward.

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Source: Cryptocurrency - investing.com

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