[BitGo CEO: Failure of the Clarity Act Poses Systemic Risk to the U.S. Market] According to The Block, BitGo CEO Mike Belshe warned that the failure of the Clarity Act poses systemic risk to the U.S. market due to the fact that the same company simultaneously holds exchange, brokerage, and custody businesses. He stated that this structure presents a risk even greater than what Lehman Brothers faced: brokers can go bankrupt, but the collapse of an exchange holding custody assets could bring down the entire market.