“The ongoing regulatory uncertainty around crypto-assets, combined with rising regulation-by-enforcement, does not encourage an environment where mergers of more traditional businesses and crypto-native companies can easily take place,” said Michael Bacina, a partner at law firm Piper Alderman who is not involved in the transaction, in a WhatsApp message.
Source: https://www.coindesk.com/business/2022/12/21/australian-crypto-exchange-swyftx-share-trading-platform-superhero-abandon-merger-plan/?utm_medium=referral&utm_source=rss&utm_campaign=headlines