BitGo CEO Compares CLARITY Act Failure to Lehman Brothers Collapse

In Crypto Regulations
October 05, 2026

BitGo CEO Compares CLARITY Act Failure to Lehman Brothers Collapse

The failure of the CLARITY Act vote has left the U.S. market vulnerable to a model where a single company acts as an exchange, broker, and custodian of digital assets, according to BitGo CEO Mike Belshe.

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Steven M. Crimmins is a cryptocurrency strategist and freelance writer who has followed the blockchain industry since Bitcoin’s early days. Known for his sharp analysis of altcoins and trading strategies, Steven provides Satoshi News Africa readers with market-focused content grounded in research. He is especially interested in how African traders are adopting crypto as an alternative to traditional markets. Steven is also a podcast host, where he discusses emerging technologies and investment trends.