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Senate's rejection of CLARITY Act unlikely to stop crypto rally, says Bitwise CIO

Market News
20 Sep 2026
CrowdFundInsider
View Source
Bullish
Senate's rejection of CLARITY Act unlikely to stop crypto rally, says Bitwise CIO

Bitwise CIO Matt Hougan says the Senate's failure to pass the CLARITY Act won't halt the ongoing cryptocurrency rally that began in July. Despite the Senate rejecting the bill by a narrow margin, crypto prices have continued rising, driven by institutional moves and regulatory clarity expected from the SEC and CFTC. Hougan views the legislative setback as temporary, noting that crypto has grown substantially without comprehensive laws and expects continued industry growth and innovation.

The Bitwise CIO Matt Hougan's view on the CLARITY Act setback comes amid a mixed cryptocurrency market breadth of 50 major coins on Pluang, where 26 rose and 23 fell as of Sep 21, 2026 01:21 WIB. Among notable movers, EGLD (MultiversX) dropped 7.54% with a typical hold time of 84 days and a buy order activity of 77%, while GRT (The Graph) gained 6.49% with 98 days hold time but 83% sell orders. CAKE (PancakeSwap) also rose 6.31%, with a 75-day hold time and 73% buy orders, reflecting diverse trading dynamics across the crypto market.

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