Bitwise’s Matt Hougan: Markets still aren’t pricing the SEC’s crypto pivot
Crypto investors may be underestimating just how far the U.S. Securities and Exchange Commission has swung toward integrating blockchains into mainstream finance—leaving more upside on the table, says Bitwise CIO Matt Hougan.
Hougan’s wake-up call followed SEC Chair Paul S. Atkins’ July 31 speech at the America First Policy Institute, which lays out “Project Crypto,” a multi-pronged plan to bring tokenization, on-chain market structure, and even DeFi into the U.S. regulatory perimeter. “The most bullish document I’ve read on crypto wasn’t written by some yahoo on Twitter. It was written by the chairman of the SEC,” Hougan wrote, adding: “I can’t imagine reading the speech and not wanting to allocate a significant…
