He highlighted that other significant crypto industry players, like Bitstamp, INX, and Gate.io, have joined the Go Network as exchange partners. He said Go Network would allow institutional investors to store crypto with a qualified custodian while those assets remain liquid and accessible. Bitcoin market could emerge following current regulatory challenges and said this is “not going to be far away.” BitGo aims to address past industry failuresīelshe noted that BitGo’s Go Network aims to address issues that led to failures like those at Silvergate Bank and FTX. He suggested that crypto firms can build the necessary technology while traditional firms can cooperate with regulators effectively. provide clearer regulator pathways.īelshe posited that market downturns could stimulate demand for derisked market platforms, opening up opportunities. ![]() regulators had faced opposition from key industry players - likely in reference to ongoing Binance and Coinbase cases - and observed that regulators outside the U.S. “I think the net effect is that, here in the U.S., the traditional financial firms are going to remain mostly out … I know we’ve got Blackrock that’s coming in with an ETF, there’s going to be a few exceptions like that, which is great.”īelshe also noted that U.S. CEO notes institutions’ regulatory concernsīelshe suggested that regulators have adopted a stringent approach toward the crypto industry – forcing institutions and institutional investors to focus on regulations, adding: cryptocurrency regulations in a conversation with CNBC on June 27. ![]() BitGo CEO Mike Belshe commented on the state of U.S.
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