The US Congress is entering a month-long recess next week, leaving only three days for the Clarity Act to advance through the Senate. Matt Hougan, chief investment officer at Bitwise, remains optimistic and says crypto ‘will be fine’ even if the bill fails to pass this week. The crypto industry is closely watching this legislation that could bring much-needed regulatory clarity to the United States. This narrow window illustrates the political challenges facing cryptocurrency regulation in the country.
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