Bitwise Exec: Crypto to Advance Despite CLARITY Act Stalling
Bitwise investment director Matt Hougan sees the crypto industry continuing its development even if the CLARITY Act fails to pass before the Senate's summer recess, with the bill becoming a 'walking dead' that can't be killed but will struggle to progress. Polymarket odds of passage this year have dropped to 15%.
Matt Hougan, investment director at Bitwise, believes the cryptocurrency industry will keep growing regardless of whether the CLARITY Act clears the Senate before the summer recess. He describes the legislation as turning into a "walking dead" — impossible to kill outright, but also difficult to move forward.
On prediction market Polymarket, the implied probability of the bill becoming law by the end of the year has fallen to just 15%. The stalled progress in Washington contrasts with Hougan's view that the sector's momentum no longer depends on near-term regulatory clarity.
Source: ForkLog