Bitwise CIO: CLARITY Act failure won't break the bull market
- —The U.S. Senate on September 15 rejected cloture on the CLARITY Act: 49 against 50, with 60 votes needed
- —Hogan: since July 1, BTC has risen from $57,950 to $80,000+, while the odds of the law passing fell from 39% to 14%
- —Wall Street continues to enter crypto: Robinhood's network launch and Morgan Stanley products on Solana
- —Hogan: until 2029, rules will be written by a crypto-friendly SEC and CFTC
Why it matters: The stance of a major asset manager shows the market can grow without a new law — driven by regulators and institutional inflows.
Source: CoinDesk Japan