Bitwise's Hougan: Bitcoin Rally Doesn't Depend on CLARITY Act Failure
- —Senate rejected the CLARITY Act with 49 votes in favor and 50 against
- —BTC climbed from $57,950 to above $80,000 as bill odds fell from 39% to 18%
- —SEC granted a five-year exemption for tokenized securities platforms
- —US spot Bitcoin ETF inflows topped $159 million the Thursday after the vote
Why it matters: Regulatory risk is shifting from legislative votes to the durability of SEC and CFTC rules, which a future administration could reverse.
Source: Crypto Economy