Matt Hogan: The probability of passing the Clarity Act decreasing will not disrupt the cryptocurrency bull market

Bitwise Chief Investment Officer Matt Hogan stated that the cryptocurrency bull market began with Bitcoin hitting bottom at $57950 on July 1, and then rose to $80000 on September 4. Although Polymarket predicts that the probability of the Clarity bill passing will decrease from 39% to 18%, the market has not fallen. The entry of Wall Street institutions is not based on the Clarity Act, but on the friendly attitude of the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) towards cryptocurrencies. Robinhood's launch of blockchain, Morgan Stanley's launch of Solana ETF, and DTCC's completion of tokenized stock trading settlement all took place without this bill. Before the new government took office in Washington, the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) had the autonomy to set regulatory agendas.