Matt Hougan, Chief Investment Officer at U.S. cryptocurrency asset management firm Bitwise, stated in a memo dated the 16th that the rejection of the Clarity Act in the U.S. Senate's voting process on the same day is unlikely to derail the cryptocurrency bull market that has been ongoing since July.
The bill fell short of the 60 votes needed for approval, receiving only 49 votes, with all Democratic senators opposing it, along with some Republican senators.
Hougan highlighted the inverse correlation between Bitcoin (BTC) prices and the probability of the Clarity Act's passage...
