Bitwise CIO Matt Hougan says crypto can survive a Clarity Act defeat but "can't thrive in the in-between," citing SEC Chair Paul Atkins' onchain push.

Chris Giancarlo says crypto will advance without the Clarity Act, but warns the bill could expand financial surveillance.

The broker said failure to pass the Clarity Act this year would likely send crypto lower, but expects U.S. regulators to accelerate rulemaking.