Matt Hougan said failure to pass the market structure bill this week could prolong regulatory uncertainty, but would not stop finance from moving onchain. Crypto markets will continue advancing even if Congress fails to pass the Clarity Act before the Senate’s August recess, according to Bitwise Chief Investment Officer Matt Hougan. Public Senate floor updates through Wednesday afternoon showed cloture filings for government funding legislation, a college sports bill, and several nominations, but did not list a filing for the Clarity Act. The Clarity Act passed the House in July 2025 and advanced through the Senate Banking Committee in May 2026. He pointed to comments from SEC Chair Paul Atkins, who said the agency was prepared to establish rules covering areas addressed by the Clarity Act.