Episode Details

BitGo CEO Mike Belshe and COO Jeff Horowitz talk about one of the hottest topics facing the crypto industry today: regulation. They discuss...

• what BitGo does
• why Jeff left his successful TradFi career to go crypto
• how crypto compliance and custody differs from the traditional finance world
• the state of crypto education amongst regulators
• why Jeff and Mike think the infrastructure bill is a win for the crypto industry
• what FinCEN is doing to regulate crypto
• why they think the infrastructure bill’s goal of raising billions in crypto taxes could only bring in millions
• what FATF guidance regarding VASPs requires of crypto companies
• why the travel rule could lead to US customer data being shared overseas
• how digital assets change the implications of the travel rule
• how regulators are attempting to deal with DeFi
• what the FATF guidance means for FATF countries, like the US
• why DeFi is not ready for strict regulations
• Jeff’s views on Brian Brooks’s departure from BinanceUS
• the Galaxy Digital acquisition of BitGo
• what security issues a trillion-dollar wallet presents
• why BitGo refused to put a “freeze” function in its WBTC contract
• why Tesla and MicroStrategy purchased BTC and why other companies have been slow to follow suit
• whether BitGo will offer NFT solutions going forward

Thank you to our sponsors!

Crypto.com: https://crypto.onelink.me/J9Lg/unchainedcardearnfeb2   

Polymarket: https://polymarket.com/ 

Episode links

Mike Belshe -- CEO BitGo

• LinkedIn: https://www.linkedin.com/in/mikebelshe/ 
• Twitter: https://twitter.com/mikebelshe 
• Previous Unchained appearance: https://unchainedpodcast.com/mike-belshe-on-what-bitgos-kingdom-trust-acquisition-means-for-crypto-and-how-security-will-develop-in-the-future/ 

Jeff Horowitz -- CCO BitGo

• LinkedIn: https://www.linkedin.com/in/jeff-horowitz-3381977

BitGo

• Website: https://www.bitgo.com/
• Twitter: https://twitter.com/BitGo
• Blog: https://blog.bitgo.com/ 
• Galaxy Digital purchase: https://www.coindesk.com/galaxy-digital-to-buy-bitgo-for-about-1-2-billion-in-stock-cash 
• FATF solution: https://www.coindesk.com/us-crypto-giants-build-first-version-of-fatf-compliant-travel-rule-tool
• New York Trust Charter: https://decrypt.co/60110/bitgo-new-york-trust-charter-crypto-wall-street 

Infrastructure bill and its implications for crypto

• https://twitter.com/mikebelshe/status/1424163820726009861 
• https://www.wsj.com/articles/bitcoin-fans-are-suddenly-a-political-force-11629115380

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