Bitwise: Four Crypto Sectors Gained From CLARITY Act Failure
- —Stablecoin platforms kept the ability to offer customer rewards, which the bill threatened with penalties up to $5 million per violation
- —Coinbase was named the largest beneficiary, retaining stablecoin rewards and state licensing advantages
- —The SEC's Sept. 17 five-year exemption allows permissioned AMMs and liquidity pools for tokenized stock trading
- —Post-vote gains: NEAR 104%, Uniswap 49%, Pump 19%, Hyperliquid 15%, Lighter 10%
Why it matters: The CLARITY Act's failure did not stall crypto: targeted regulatory relief is accelerating tokenization and token buybacks, though a 2029 administration change remains a risk.
Source: Bitcoin.com