Bitwise CIO "Clarity Act, 80% chance of passage this year or early next year"

The 'Clarity Act', a bill to clarify regulations that the U.S. virtual asset (cryptocurrency) industry is watching, is seen as likely to pass this year or early next year.

On the 1st (local time), Matt Hougan, Bitwise's Chief Investment Officer (CIO), told DL News, "The Clarity Act will be the most important virtual asset bill in U.S. history," and said, "I see an 80% chance it will be approved this year or early next year."

He cited the political momentum in Washington, the virtual asset industry's strong lobbying power, and the support of the Trump administration as reasons for the high likelihood of passage. Hougan said, "This came directly from an insider within Washington, D.C. Passage of the bill is essentially a matter of time."

The Clarity Act contains provisions that clearly delineate the supervisory authority between the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). If the bill passes, the years-long regulatory confusion over virtual assets is expected to end, and industry-wide institutional uncertainty is expected to be resolved.