Bitwise CIO says crypto can survive Clarity Act failure

3 min read

Bitwise chief investment officer Matt Hougan said he gave the Clarity Act about a 50-50 chance of passage, while noting Polymarket odds later fell to 27% and Senate timing makes a pre-recess vote difficult. He argued that crypto's long-term prospects are intact because institutional adoption and potential SEC rulemaking could advance market structure even if Congress fails. Analyst Crypto Rover warned of near-term volatility, citing elevated open interest that could precede a correction toward $50,000–$47,000 for Bitcoin. The immediate consequence is continued regulatory uncertainty that could drive market volatility while prompting alternative rulemaking paths.

Hougan gave the Clarity Act roughly a 50-50 chance.