Bitwise has identified four crypto sectors that benefited from the CLARITY Act’s Senate setback, with NEAR gaining 104% and Uniswap rising 49% between the vote and Sep. 30.
Summary
- Stablecoin platforms retained room to offer balance rewards, with Coinbase named the largest beneficiary.
- Established exchanges preserved business advantages that Hougan said the proposed legislation would have reduced.
- SEC action opened a five-year testing route for qualifying tokenized U.S. stock trading venues.
- Token buyback guidance carries conditions, while Bitwise flagged regulatory reversal under a future administration.
Bitwise Asset Management chief investment officer Matt…
