The Block (@TheBlockCo): THE BLOCK: BitGo CEO Mike Belshe warned that the Clarity Act's failure left U.S. markets exposed to systemic risks arising from one firm holding the e…
Estimated coin impact
Scores are not price-change percentages. High impact means a score of +70 or more, or -70 or less.
THE BLOCK: BitGo CEO Mike Belshe warned that the Clarity Act's failure left U.S. markets exposed to systemic risks arising from one firm holding the exchange, brokerage, and custody. He said that stack is the risk Lehman Brothers was not — a broker can fail, but an exchange that custodies the assets takes the market with it.