WisdomTree does not see pending U.S. crypto legislation as a prerequisite for innovation, even as policymakers debate new rules for digital assets.

“I don’t [think] it would inhibit anything that we’re trying to do,” said Will Peck, the firm’s head of digital assets, referring to the proposed Clarity Act. “We don’t view it as a gatekeeper.”

The Clarity Act, which is pending approval from Congress, aims to establish clearer jurisdiction between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), while setting rules for how digital assets are classified and regulated. Supporters say it could reduce uncertainty that has slowed institutional adoption.

Peck’s believes much of the…