Matt Hougan: The crypto bull market is not entirely dependent on the Clarity Act

Bitwise Chief Investment Officer Matt Hougan stated that the cryptocurrency bull market is not entirely dependent on the Clarity Act. The Clarity Act received 49 votes in the Senate procedural vote, falling short of the 60 vote threshold. Since July 1st, the price of Bitcoin has risen from around $57950 and surpassed $80000 in early September. The predicted market probability of the bill passing this year has decreased from 39% to 14% during the same period. (Source: The Block)