Bitwise: Failure of CLARITY Act Benefits Crypto Market

Bitwise CIO Matt Hougan stated on September 30, 2026, that the failure of the CLARITY Act has benefited the crypto sector by allowing for more favorable regulatory developments. Following the bill's rejection in the Senate, BTC rose 8%, ETH 7%, and other tokens saw significant gains, including NEAR (104%), Uniswap (49%), and Avalanche (43%). The failure prevents restrictions on interest payments for stablecoins on exchanges and maintains the competitive advantage of established platforms like Coinbase and Kraken by avoiding new licensing requirements.