Notwithstanding the initial backlash against the SEC’s proposed changes, sources argue that these could benefit SPACs in the long run by weeding out less qualitative deals and making the market more sophisticated
Following the publication of the Lummis-Gillibrand bill in the US, market participants reiterate the need for consistency between standards adopted for digital asset regulation globally
Alder discusses the ongoing efforts of global market regulators to address the risks presented by climate change and the rapid evolution of digital assets
Attributing much of the supervisory authority over cryptoassets to the CFTC, the bill has been seen as a welcome stepping-stone towards the establishment of a strong regulatory framework
The SEC’s proposed changes have opened questions as to whether other jurisdictions will follow suit, and whether stricter regulation in the US could open opportunities for other SPAC markets
