Bitwise CIO: Bull market likely to continue despite Clarity Act failure

Bitwise CIO Matt Hougan stated that the crypto bull market is no longer highly dependent on the passage of the Clarity Act. Despite the bill failing to reach the 60-vote threshold in the Senate, Bitcoin has seen significant growth since July. Hougan highlighted institutional developments, such as Robinhood's new blockchain, Morgan Stanley's Solana ETF, and DTCC's tokenized stock settlements, as evidence that the market can advance through regulatory rulemaking even without congressional legislation.