CLARITY Act may stall, but crypto can grow: Bitwise
Bitwise Chief Investment Officer Matt Hougan said on Aug. 4 that the crypto industry would continue expanding even if the U.S. Senate fails to advance the CLARITY Act before its August recess. In a new investor memo, Hougan said crypto “will be fine” without immediate congressional action. He argued that Securities and Exchange Commission rulemaking could provide an alternative path while traditional financial companies continue adopting digital assets. His assessment is a forward looking industry view, not a confirmed regulatory outcome. The bill‘s immediate prospects remain uncertain. The Senate’s Aug. 4 floor schedule did not include H.R. 3633, and the chamber‘s official list of pending cloture motions named two unrelated matters. No cloture filing for the CLARITY Act had been announced by the end of Tuesday’s session. CLARITY Act Delay May Not Stop Crypto After All Crypto can continue growing even if the CLARITY Act stalls this week, Bitwise CIO Matt Hougan says. He expects the SEC to introduce rules that could prove even more crypto friendly. Hougan cited recent comments from SEC Chair… pic.twitter.com/NOlzePaFUI — BSCN (@BSCNews) August 5, 2026 CLARITY Act faces an Aug. 5 procedural test Hougan identified Wednesday, Aug. 5, as the practical deadline for Senate leaders to file cloture and preserve a possible Friday