Clarity Act’s failure brought “better rules, faster,” Bitwise CIO says
Ethereum $2,679▼ −1.79% 24has of Oct 3, 2026, 3:00 AM ET
The Senate voted 49–50 against advancing the Clarity Act on Sept. 15. Bitwise CIO Matt Hougan argues the industry has since won quicker gains through agency action.
Stablecoin rewards stay available under the GENIUS Act framework; Clarity would have banned them.
The SEC granted a five-year innovation exemption for limited onchain trading of tokenized U.S. stocks.
Total crypto market cap rose to about $2.95 trillion from $2.65 trillion on the day of the vote.