Matt Hougan of Bitwise argues that the crypto industry will continue to advance even if Congress fails to pass landmark market structure legislation this year.
According to Hougan, regulatory guidance from the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) would be sufficient to keep the industry moving forward.
This is based on reporting from CoinTelegraph.
The statement suggests that regulatory clarity is not a prerequisite for the industry's progression, as it will continue to evolve with or without clear guidelines from lawmakers.