Bullish, a cryptocurrency exchange, has cancelled its planned IPO. “Our journey to become a public company is taking longer than expected, but we appreciate the SEC’s ongoing work to lay new digital asset frameworks and clarify industry-specific disclosure and accounting complexities,” said Bullish Chairman and CEO Brendan Blumer in a statement. Bullish had planned to go public through a merger with Far Peak Acquisition, a special purpose acquisition company (SPAC) (FPAC). The most recent amendment to the two companies’ original July 2021 merger agreement gave them the option to call the deal off if it couldn’t be completed by the end of 2022. Bullish investors include Peter Thiel and hedge fund titan Alan Howard.