[Matt Hougan: The Crypto Industry Will Continue to Develop Even If the Clarity Act Doesn't Pass This Week] According to The Block, Bitwise Chief Investment Officer Matt Hougan stated that even if the U.S. Clarity Act doesn't pass this week, the crypto industry will continue to develop. The U.S. Congress will recess from August 10 to September 11, leaving only a three-day window for the Clarity Act to advance in the Senate. Matt Hougan pointed out that if the act doesn't pass, SEC Chairman Paul Atkins may introduce more crypto-friendly regulatory rules. He also warned that delaying legislation will increase market uncertainty and hinder institutional investors from entering the space.