Quick Read
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Hougan’s warning from January 2026 lasted eight months before the Senate vote.
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Bitwise cut 14% of its staff in 2026, consistent with layoffs across the crypto sector totaling over 7,250 jobs.
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He maintained that a statute would provide greater durability than agency rules, which was his original reason for advocating the CLARITY Act in the first place.
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In a memo, Bitwise Chief Investment Officer…
