Addressing lawmakers at the March 9 hearing, BitGo co-founder and CEO Mike Belshe criticized the U.S. Securities and Exchange Commission for enforcement actions against crypto firms “trying to do it right” — i.e. communicating with regulators and pursuing a path to operate in the country. He cited BitGo’s experience going through the process of approaching the SEC in 2018, seeking a regulatory path forward on the question of how the firm should custody assets, only to wait more than four years for a definitive answer.
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Source: Cryptocurrency - investing.com
