“They’re screwed, I think, unless they can spin up a new entity in an unregulated area, which they might do,” the CEO of among the companies preparing to utilize an abroad jurisdiction, who likewise asked for privacy. “I know that some of these firms have been either in the process of IPO prep or serious funding talks and then those conversations have materially collapsed as a result of the FCA’s approach here, which is not meritocratic and is super subjective.”
