BitGo CEO Calls for Regulatory Clarity Following Galaxy Digital Settlement

The settlement of a $200 million lawsuit between Galaxy Digital and New York’s Attorney General raises significant questions about industry oversight within the cryptocurrency sector. Mike Belshe, CEO of BitGo, previously known as an advocate for deregulation, now calls for principles-based regulation to prevent similar occurrences. His argument highlights the need for a framework that can adapt to advancements in the ever-evolving crypto space.