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Commerce Secretary’s Son, Tether, and SoftBank Launch $3B Bitcoin SPAC—Because What’s a Bull Market Without a Side of Regulatory Irony?
Commerce Secretary’s Son, Tether, and SoftBank Launch $3B Bitcoin SPAC—Because What’s a Bull Market Without a Side of Regulatory Irony?
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In a move that blends political dynasty with crypto’s favorite stablecoin and a tech investment giant, the son of U.S. Commerce Secretary Lutnick is spearheading a $3 billion Bitcoin SPAC. Because when traditional IPOs are too mainstream, why not SPAC your way to the moon? SoftBank’s involved—so expect either genius or spectacular faceplant. Bonus jab: Nothing says ’financial innovation’ like a blank-check company backed by a stablecoin that won’t show its reserves.
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