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Bitwise Executive: The market may have underestimated the probability of encryption legislation being passed.
[Block Rhythm] Bitwise's CIO Matt Hougan recently brought up a quite interesting point.
He thinks that everyone might underestimate the chances of the CLARITY Act passing. Currently, in the cryptocurrency space, it is rare for the Democrats and Republicans to reach a consensus, and the lobbying funds from the industry have also hit a new high. More importantly, the government's commitment to the cryptocurrency industry is indeed being fulfilled step by step.
So he judged that the probability of success for this legislation is actually quite high. The market may not yet fully realize what impact this change will bring.