Bitwise CIO says GENIUS Act helped unlock crypto fundraising as tokenization now eyes Clarity Act boost
The Block
Bitwise CIO Matt Hougan attributes recent large-scale blockchain funding to regulatory shifts like the GENIUS Act and rising institutional demand for privacy.Summary
Bitwise Chief Investment Officer Matt Hougan notes that major corporate-backed blockchains like Circle’s Arc, Canton Network, and Stripe’s Tempo have raised over $1 billion recently. He attributes this trend to three key factors: institutional demand for transaction privacy, reduced regulatory uncertainty following the passage of the GENIUS Act, and the heavy involvement of established financial giants. Hougan believes these developments will elevate competitive standards across the industry, potentially benefiting from future Clarity Act legislation.
(Source：The Block)