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Bitwise CIO: The market underestimates the probability of successful legislation on the structure of the crypto market.
On November 12, Bitwise Chief Investment Officer Matt Hougan stated, “I believe the market has underestimated the probability of successful legislation regarding the structure of the crypto market; the likelihood of the CLARITY Act passing is quite high. Crypto Assets currently have bipartisan support, crypto lobbying funds have reached an all-time high, and so far, the government has also been fulfilling its commitments to the crypto industry.”