Chamath Palihapitiya Launches New $250M SPAC Focused on DeFi and AI
Billionaire Chamath Palihapitiya filed a $250 million SPAC called American Exceptionalism Acquisition Corp to target DeFi, AI, energy, and defense sectors, emphasizing the future of decentralized finance over Bitcoin as a bridge to traditional markets. Despite a mixed record with past SPACs, Palihapitiya remains optimistic about crypto's mainstream acceptance, especially after regulatory crackdowns have eased. The SPAC aims to leverage DeFi's potential to disintermediate traditional finance, with a focus on integrating blockchain solutions into conventional sectors.
