Indispensable or irrelevant: Bitwise CIO warns of 3-year deadline for crypto adoption

Bitwise CIO Matt Hougan warns that the stalling of the Clarity Act in Congress pushes the crypto industry into a critical "show me" phase, giving it roughly three years to become indispensable to the American economy before potential political shifts make favorable regulation unlikely. Market sentiment regarding the bill's passage has recently dropped, partly due to Coinbase CEO Brian Armstrong labeling the current draft unworkable. If the industry successfully integrates stablecoins and tokenized assets into the economy, regulations will likely follow out of necessity, similar to how Uber and Airbnb survived regulatory grey areas. Conversely, if legislation fails, Bitwise anticipates a slower market ascent capped by regulatory skepticism, contingent on real-world adoption evidence, though Benchmark suggests failure would only delay maturation rather than derail it.

(Source：CoinDesk)