SEC’s Crypto-Friendly Shift Still Underpriced by Markets: Bitwise
The U.S. Securities and Exchange Commission (SEC) has signaled a more crypto-friendly regulatory approach, yet its full impact on market valuations remains underestimated, according to Matt Hougan, chief investment officer at Bitwise. In a recent speech, SEC Chair Paul Atkins outlined a vision for blockchain innovation, decentralized finance (DeFi), and financial super apps that Hougan described as “the most bullish document I’ve read on crypto.” This shift, he argues, has not yet been reflected in investor behavior or asset prices [1].
Atkins’ speech, delivered at the America First Policy Institute, emphasized the importance of regulatory frameworks that support rather than stifle innovation in the crypto space. Hougan noted that…
