Bitwise CIO: The CLARITY Act Could Reshape Crypto Asset Valuation Like the Treasury Market
According to a report by Jinse Finance, Bitwise Chief Investment Officer Matt Hougan stated that the U.S. House of Representatives passed two landmark bills on Thursday. One of them, the CLARITY Act, provides clear definitions for digital assets and delineates regulatory responsibilities between the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). Meanwhile, another piece of legislation called the GENIUS Act has become the first federal-level crypto law in U.S. history, establishing nationwide standards for the issuance and regulation of stablecoins. This has prompted institutional investors and market analysts to reconsider the future valuation, trading methods, and structural design of digital assets. After the bills were passed, Matt Hougan commented on their impact on the digital asset market. He noted that, in particular, the CLARITY Act could introduce an entirely new pricing mechanism for crypto assets, similar to the valuation methods used for bonds in traditional finance (TradFi).
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