Financial Markets and Regulation Chair Gary DeWaal spoke with Bloomberg regarding the Securities and Exchange Commission's (SEC) recent hold up of crypto companies going public as a part of a special purpose acquisition companies (SPACs). The article notes that challenges created by these delays are compounded by the recent market downturn of cryptocurrencies. Gary stated, "This is just another brick in the obstacle wall that has been steadily constructed by the SEC to impede crypto developments."
"Crypto-SPAC Deals Get Stuck in SEC Limbo as Token Demand Plunges," Bloomberg, June 15, 2022
New York
