97%
No
- No 97%
- Yes 3%
No, last 16 days
regulation and policy
Bitwise CIO says Clarity Act failure gave crypto ‘better rules faster’
0Importance
closedStatus
3News media
3Pieces
- Published
The Senate stalled the Clarity Act on September 15 after it did not reach 60 votes, and Bitcoin and Ether rose in the trading that followed. Two days later, the SEC approved a five-year innovation sandbox exemption for tokenized equities trading, and Matt Hougan said crypto then got faster regulatory wins than it would have under the bill.
Key claims & sources
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Hougan also said regulators delivered faster rules on tokenization and buybacks after the Clarity Act failed.
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Matt Hougan said the failed Clarity Act left crypto with fewer restrictions and faster SEC action.
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The United States Senate stalled the Clarity Act on September 15 after it failed to reach the 60-vote threshold.
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Bitcoin gained nearly 8% and Ether rose 7% after the bill stopped moving.
What it means
In practice, the trading rules and regulatory path described here are not the same as before the Senate vote. The Clarity Act did not advance, but the SEC still moved on tokenized equities trading, and Hougan said regulators also delivered faster rules on tokenization and buybacks.
Market reaction i
Total crypto marketall crypto assets combined
no single asset in the event: read against the whole market
-0.4%
2 h before
+0.1%
4 h after
$2.9Tmarket cap at publication
12data points
The move was larger before the first headline than after. That is an observation, not an explanation: the market also moves on things nobody publishes.
Coverage timeline
Every piece in order, with the time its news medium declares — if it is not believable we use ours and say so — and what it added to what was already known at that point. Arriving first is not the same as adding something.
first
Crypto Briefing
scoop
Sep 30 19:02
Crypto Briefing
scoop
Breaks the event
+2 h 50 m
The Block
echo
Sep 30 21:53
No new facts: restrictions, action, defeat; with quotes
+6 h 7 m
Crypto Economy
context
Oct 1 01:10
Crypto Economy
context
Its angle: legislation, accelerated, legislative; with quotes
Has this happened before?
| When | What happened | Figure |
|---|---|---|
| 40 days ago | Bitwise’s NEAR ETF clears NYSE Arca and SEC hurdles, launch imminent event | 1 actors in common · 2 news media |
What could happen next i
11%
Thom Tillis
- Thom Tillis 11%
- Andy Kim 9%
- Kirsten Gillibrand 8%
- Alex Padilla 8%
- 10 more55%
Thom Tillis, last 8 days
94%
No
- No 94%
- Yes 6%