Matt Hougan highlights stablecoin yields, exchange rivalry, and rapid SEC actions concerning tokenized equities and buybacks, while cautioning that policies could shift.
It is a paradox that has bewildered critics and advocates alike: Why did the digital asset market surge after the Clarity Act failed to progress in the Senate?
Bitwise Chief Investment Officer Matt Hougan attempted to explain this phenomenon in a Originally published at https://www.theblock.co/news/markets/2026-09-30-clarity-acts-failure-gave-crypto-faster-regulatory-wins-bitwise-says-417362.