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BitGo is exploring potential licenses in other jurisdictions, both in the U.S. and abroad, Mr. Horowitz added. BitGo currently offers custodial services through a South Dakota-chartered trust company. Before joining Coinbase, Mr. Horowitz spent more than 12 years with Bank of New York Mellon Corp. unit Pershing LLC, where he served in various roles, including as chief compliance officer. “As we move into the new year, we will see greater regulatory clarity for digital assets both here and abroad,” Mr. Belshe said. “Jeff’s knowledge of both traditional financial services and crypto markets will be critically important as we navigate state, federal and international policies and regulations.”

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