Bitwise Chief Investment Officer Matt Hougan said crypto will continue to march ahead even if the U.S.
Clarity Act fails to pass this week — a deadline widely seen as a critical juncture before Congress takes its August recess.
The Senate is scheduled to begin its summer break from Aug. 10 to Sept. 11, giving Clarity a three-day window to clear the chamber before lawmakers depart for the recess.
In a Tuesday blog post, Hougan wrote that the crypto industry will "find a way forward" without the passage of Clarity, arguing that the Securities and Exchange Commission will likely establish rules in place of the bill that are even more crypto-friendly.
Hougan cited recent comments by SEC Chair Paul Atkins, who said the agency is willing and able to push out rules that address many of the same issues as Clarity.
