Bitget plans U.S. launch with or without CLARITY Act, CEO says
Bitget plans to enter the U.S. market regardless of whether Congress passes the CLARITY Act, according to CEO Gracy Chen. The exchange is reviving an expansion effort it shelved after the 2022 collapse of FTX and the regulatory pressure that followed. Chen said she is leading the push and wants Bitget to establish a U.S. entity before offering services. The company plans to pursue money-transmitter, derivatives and broker-dealer approvals before launching services. Bitget revives U.S. expansion after years on sidelines Bitget considered setting up a U.S. business in 2022 but later dropped the plan as enforcement actions and regulatory disputes increased across the crypto industry. Chen said the company has now made a decision to return. “With or without the Clarity Act, Bitget has already made a decision to enter the U.S. market,” she said. The launch will still depend on regulatory approvals. Chen said Bitget wants licenses in place before rolling out services. The exchange intends to operate through an independent U.S.-based entity, separating the planned business from its offshore platform. That approach follows Bitget‘s wider effort to seek local approvals in markets. Bitget EU submitted a MiCAR application to Austria’s Financial Market Authority in June. The company has also expanded through registrations in markets including