BitGo CEO: Failure of Clarity Act exposes U.S. market to systemic risk

PANews reported on October 2 that according to The Block, BitGo CEO Mike Belshe warned that the failure of the Clarity Act has exposed the US market to systemic risks because the same company holds exchange, brokerage and custody businesses at the same time. He said that this structure is a risk that even Lehman Brothers did not have: a broker can fail, but the collapse of the exchange hosting the assets will bring down the entire market.

Related news

11-02 02:05 UTC
Musk: The operating cost of Grok Bot is unsustainably high relative to its revenue.
PANews, November 2 news: In response to a user's question on the X platform about the rapid depletion of Grok Bot usage quotas, Musk stated that the operating c...
11-02 01:44 UTC
China Merchants Bank and several other institutions have launched wallet transaction statement printing services within the digital renminbi App.
11-02 01:41 UTC
The founder of POAP may have subscribed to 100,000 ETH during the 2015 ICO.
11-02 01:01 UTC
UBTECH releases Thinker-Sim embodied intelligence simulation platform.
11-02 00:55 UTC
The application period for virtual asset service provider licenses in Brazil has ended, with only about 40 companies submitting applications.

Musk: The operating cost of Grok Bot is unsustainably high relative to its revenue.

China Merchants Bank and several other institutions have launched wallet transaction statement printing services within the digital renminbi App.

The founder of POAP may have subscribed to 100,000 ETH during the 2015 ICO.

UBTECH releases Thinker-Sim embodied intelligence simulation platform.

The application period for virtual asset service provider licenses in Brazil has ended, with only about 40 companies submitting applications.