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Bitwise CIO: The CLARITY Act Could Reshape Cryptocurrency Valuation Like the Treasury Market

Bitwise CIO: The CLARITY Act Could Reshape Cryptocurrency Valuation Like the Treasury Market

2025-07-18 22:19

ChainThink reports: Matt Hougan, Chief Investment Officer at Bitwise, stated that the U.S. House of Representatives passed two landmark bills on Thursday. One of them, the CLARITY Act, provides a clear definition for digital assets and delineates regulatory responsibilities between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). At the same time, another bill named the GENIUS Act became the first federal-level cryptocurrency law in U.S. history, establishing national standards for the issuance and regulation of stablecoins. This has prompted institutional investors and market analysts to begin rethinking the valuation, trading methods, and structural design of digital assets in the future. After the vote, Matt Hougan expressed his views on the impact of these developments on the digital asset market. He said that particularly the CLARITY Act could introduce a completely new pricing mechanism for crypto assets, similar to the valuation approach used for bonds in traditional finance (TradFi).

Disclaimer: Contains third-party opinions, does not constitute financial advice

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