BitGo CEO Mike Belshe believes that traditional financial (TradFi) firms will remain mostly out of crypto.
According to Belshe, regulators outside the U.S., in contrast to American regulators, give clearer regulatory channels.BitGo CEO Mike Belshe believes that traditional financial firms will remain mostly outside of crypto space.“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.
Belshe also highlighted that key industry players opposed U.S. regulators, and that regulators outside the U.S. give clearer regulatory channels. Following ongoing regulatory challenges, BitGo CEO claimed that a significant U.S. Bitcoin market might emerge, and that it was not far away.the plan to acquire Prime Trust on 22 June amid rumours of the company’s insolvency. BitGo’s acquisition of Prime Trust was expected to give financial assistance to Prime Trust to deal with the ongoing bankruptcy challenges.
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