Bitwise CIO: Even If the Clarity Act Does Not Pass This Week, the Crypto Industry Will Still Move Forward

TechFlow News, August 5, according to The Block, Bitwise Chief Investment Officer Matt Hougan stated that even if the U.S. Clarity Act fails to pass this week, the crypto industry will still find a way forward. The U.S. Congress will enter summer recess from August 10 to September 11, leaving only a three-day window for the Clarity Act to advance in the Senate.

Hougan pointed out that if the bill fails to pass, SEC Chairman Paul Atkins may directly introduce regulatory rules more friendly to the crypto industry, which could even become a catalyst for industry development. However, he also warned that delayed legislation will increase market uncertainty and further hinder institutional investors from entering the market.