Clarity Act Failure Will Not Stop Crypto Growth: Hougan

TLDR

• Matt Hougan said crypto can continue growing even if the Clarity Act fails this week.
• The Senate has a narrow window to advance the bill before its summer recess begins.
• Hougan expects the SEC to create crypto rules if Congress fails to pass the legislation.
• SEC-led rules could support innovation but may face changes under a future administration.
• Wall Street firms have already expanded their involvement in blockchain and digital assets.

Bitwise Chief Investment Officer Matt Hougan said crypto will keep moving forward even if the Clarity Act fails to pass this week. The bill faces a brief window before the U.S. Senate begins its summer recess on Aug. 10.

Lawmakers are due to return on Sept. 11, leaving days for the measure to clear the chamber. Hougan said the industry can still gain rules through the Securities and Exchange Commission.

Clarity Act Faces Tight Senate Deadline

Hougan wrote in a Tuesday blog post that crypto would “find a way forward” without the bill. He said the SEC could create rules covering the same areas.

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