Bitwise CIO says Clarity Act failure gave crypto ‘better rules faster’
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.
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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
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Has this happened before?
| When | What happened | Figure |
|---|---|---|
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| 18 days ago | XRP ETF Net Assets Hit All-Time High Of $1.77 Billion, Up 80% In Q3 event | 1 actors in common · 2 news media |
| 19 days ago | NEAR Price Climbs as Bitwise ETF Gets Green Light: $155 Target Sparks Fresh Rally event | 1 actors in common · 2 news media |
| 19 days ago | XRP Spot ETFs Draw $75.59 Million in Weekly Net Inflows event | 1 actors in common · 4 news media |