• Belshe said the Clarity Act should be “really pretty non-controversial” and provide a legislative framework for the crypto market.

• He argued that clearer rules could help rein in crypto’s “wild, wild west” and strengthen investor protections.

• Belshe said the U.S. needs to “kick up its game” with regions like South Korea and Europe racing ahead on crypto regulation.

BitGo CEO Mike Belshe said on Friday that Bitcoin’s (BTC) price remains a useful gauge of investor excitement around crypto, but argued that its movements should not be viewed as a definitive measure of the broader digital-asset industry.

“I think it’s human nature to be excited when prices are moving a lot, so that is what…