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With a combined market cap of $1.8 trillion, the cryptocurrency industry has gotten too big for lawmakers to ignore. But politicians are missing the forest for the trees with their hastily written legislation. Fintech startup Circle is looking to join the ranks as a digital currency bank. Meanwhile, since last week’s Square/Afterpay deal, Buy Now Pay Later startups are looking increasingly attractive. SPACs are still a trend and more. Let’s dive in! 

Just when it looked like the summer doldrums were upon us, Square saved the day, announcing a blockbuster deal in the buy now, pay later space. It is yet another sign that fintech continues to disrupt traditional payments. In addition, international M&A is afoot while the IPO pipeline continues to grow.