BitGo CEO says Clarity’s failure left capital markets exposed to risk potentially worse than Lehman

60-second summary

BitGo CEO Mike Belshe warns that Clarity’s collapse exposes capital markets to systemic risk, arguing that a single firm controlling exchange, brokerage and custody functions creates a danger potentially worse than Lehman’s failure; he stresses that fragmented oversight and concentrated custody amplify vulnerability, prompting regulators and investors to demand diversified infrastructure to safeguard market stability.