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The U.S. House Financial Services Committee considered proposed public market reforms,
including legislation to enhance investor protections relating to
special purpose acquisition companies ( SPACs ).
At the hearing, titled Going Public - SPACs, Direct
Listings, Public Offerings, and the Need for Investor
Protections, legislators considered a bill that would amend the SA Section 27A ( Application of safe harbor
for forward-looking statements ) and SEA Section 21E ( Application of safe harbor
for forward-looking statements ) to exclude certain SPACs from
the safe harbor for forward-looking statements.
Witnesses included:
Wallets allow users to send, receive, and spend cryptocurrency. This row indicates the # of wallets that have interacted with an NFT Smart Contract, including buyers, sellers, and anyone who has played a game or interacted with a project using NFTs
And that trend has continued during 2021. Indeed, one report shows that NFT sales in the first quarter of 2021 grew to more than $2 billion, over twenty times the volume of the previous quarter.
9 On one major marketplace, NFT sales grew from $8 million in January 2021, to $95 million in February, to almost $150 million in March.
10 While sales volume dropped to $94 million in April, the larger trend shows a marked increase from last year, during which the same marketplace had an average sales volume of only $1 million per month.