Crypto faces ‘challenging summer’ if Washington wavers on legislation, says BitWise – DL News
- Tensions between Republicans and Democrats could derail their work on crypto legislation.
- Without new legislation, crypto could struggle to hit all-time highs this year, according to BitWise.
US President Donald Trump has delivered on campaign promises for crypto policy during his first 100 days in office, but recent developments in Congress could stifle industry optimism and prevent crypto from reaching all-time highs this year.
That’s according to a cautionary note released Tuesday by Matt Hougan, chief investment officer for BitWise.
“People often ask me what could derail crypto. My answer is simple: People. More specifically, politicians,” Hougan wrote.
Tensions between Republicans and Democrats are expanding. That may put a full…
