Bitwise CIO: Bitcoin's Rally Doesn't Depend on Senate Bill's Failure
- —The Senate procedural vote on the crypto market structure bill drew 49 votes against a 60-vote threshold
- —Bitwise CIO Matt Hougan updated his stance: bitcoin doesn't depend on Congress
- —Hougan remains bullish on BTC despite the bill's failure
Why it matters: A signal from institutional investors that the failure of the CLARITY Act doesn't change the bullish case for bitcoin.
Source: Coinotag