According to CoinMeta, during the 2026 Korea Blockchain Week, Bitgo CEO Mike Belshe stated that the U.S. Senate failed to advance Clarity Act, resulting in the digital asset market still lacking a market structure arrangement where trading, brokerage, and custody functions are concentrated in a single institution. He believes that this "one-stop" model brings custody risks and counterparty credit risks. If key institutions assume multiple core functions simultaneously, a single point of failure could have a systemic impact on the entire market. He compared this structure to the collapse of Lehman Brothers in 2008, suggesting that the potential impact could even be more severe. The above judgment represents the personal opinion of Belshe.