Bitwise CIO Highlights Potential Success of Crypto Legislation

According to BlockBeats, Bitwise Chief Investment Officer Matt Hougan expressed that the likelihood of successful passage of cryptocurrency market structure legislation is underestimated by the market. Hougan noted that the CLARITY Act has a significant chance of being approved. He emphasized that cryptocurrencies currently enjoy bipartisan support, with lobbying funds reaching historic highs. Furthermore, the government has been fulfilling its commitments to the crypto industry.