BitGo CEO calling out the Senate for fumbling the bag on the CLARITY Act.
Without it, we're stuck watching exchanges run custody + brokerage under one roof with zero safeguards. FTX vibes anyone?
The bill died in Senate (failed to hit 60 votes on Sept 15). Now the market's wide open for the next blow-up.
BitGo backed it hard because they know: when one entity controls your keys, your trades, AND your custody... you're not the customer. You're exit liquidity.
This isn't just regulatory theater. It's structural risk that'll bite retail hardest when the next domino falls.
US still playing catch-up while the rest of the world moves on. Embarrassing.
Without it, we're stuck watching exchanges run custody + brokerage under one roof with zero safeguards. FTX vibes anyone?
The bill died in Senate (failed to hit 60 votes on Sept 15). Now the market's wide open for the next blow-up.
BitGo backed it hard because they know: when one entity controls your keys, your trades, AND your custody... you're not the customer. You're exit liquidity.
This isn't just regulatory theater. It's structural risk that'll bite retail hardest when the next domino falls.
US still playing catch-up while the rest of the world moves on. Embarrassing.
