SEC Poised to Write Crypto Rules as CLARITY Act Odds Drop to 27%
Updated
Updated · Benzinga · Aug 5
SEC Poised to Write Crypto Rules as CLARITY Act Odds Drop to 27%
3 articles · Updated · Benzinga · Aug 5
Summary
August 7 is the key deadline: Bitwise CIO Matt Hougan said if the CLARITY Act misses it, the SEC is prepared to move ahead with crypto rulemaking instead.
27% Polymarket passage odds—down from 82% in February—underscore Hougan’s view that lingering uncertainty is the bigger market problem, keeping professional investors on the sidelines.
Paul Atkins, the SEC chair, told CNBC the agency is "ready, willing, and able" to issue rules covering the same issues as CLARITY, which Hougan said could prove even more crypto-friendly in the near term.
Two and a half years of a supportive regulatory window, plus accelerating institutional adoption, should make crypto hard to reverse even if a future administration installs a less friendly SEC chair.
Hougan compared the moment to a 1994 telecom reform bill that died in the Senate while the internet advanced anyway, arguing Washington gridlock will not stop crypto’s broader integration into finance.