Bitwise sees peril in stalled crypto legislation amid political unrest
Bitwise CIO Matt Hougan cautioned that the digital asset market may face a turbulent summer if lawmakers in Washington fail to pass key crypto legislation, despite strong early momentum under President Donald Trump’s administration.
In a note to clients, Hougan said crypto’s recent gains remain fragile without legal safeguards from Congress, warning that political gridlock could derail investor confidence just as the industry edges toward broader acceptance.
White House offers limited protection
Hougan expressed concern that the opportunity for lasting reform may slip away if Congress cannot advance bills addressing stablecoins and digital asset market structure.
He said the regulatory groundwork laid in the administration’s first 100…
