BitGo CEO likens CLARITY Act failure to Lehman Brothers collapse
- —Belshe: without CLARITY Act, the US is cementing 'universal' crypto platforms without market structure
- —Coinbase combines an exchange with futures commission merchant and derivatives clearing licenses
- —A failure at a key player would hit the whole sector, he said, invoking Lehman Brothers
- —BitGo backed CLARITY Act: without it, banks will move more slowly
Why it matters: The CLARITY Act failure keeps US regulatory uncertainty alive and leaves concentration risk at major players like Coinbase unaddressed.
Source: ForkLog