According to Techub News, Jupiter co-founder meow tweeted, “When we started the WBTC project a few years ago, we chose Bitgo as a partner because we believed that Bitcoin custody was critical. But most importantly, we had an unspoken consensus that the underlying Bitcoin should not be used under any circumstances.”

Meow further stated that WBTC and BitGo need to clarify the following issues:

Who exactly is part of the multisig that holds BTC?

Can Bitcoin be used for any purpose?

What's in it for either party?

How to collaborate across jurisdictions?

Is it possible to have a reputable independent third party join the multi-signature group as both a communicator and a signer?