The tweet was deleted by the author.
But we saved everything 🙂.
Mike Belshe has voiced support for the passage of the CLARITY Act, arguing it is crucial for the digital asset industry.
He noted that companies such as BitGo, Kraken, and Coinbase will continue to build digital asset financial services regardless of the Act's fate. Belshe emphasized that, without legal clarity, incumbent banks in the U.S. are likely to remain hesitant and on the sidelines.
The debate over regulatory frameworks for digital assets closely relates to broader concerns about maintaining robust financial infrastructure within the industry. Recent discussions regarding the importance of 100 percent reserve and higher liquidity—principles underscored when Mike Belshe asserted that his firm operates as a bank with all traditional requirements—continue to inform the sector's pursuit of stability and trust. Further analysis of these issues can be found in the exploration of full reserve bank liquidity here.