Bitwise CIO: CLARITY Act Stalling Could Benefit Crypto Market

Bitwise CIO Matt Hougan stated in a September 30 memo that the crypto market's rally following the stalling of the CLARITY Act is a positive development. Despite the bill's failure to advance in the Senate on September 15, Hougan noted that the market gained better regulatory clarity and faster rule-making, calling it a favorable trade-off. Following the legislative setback, BTC rose 8% and NEAR nearly doubled in value, though Hougan identified the 2029 change in administration as a potential future risk.