Bitwise CIO Hails SEC Chair’s Project Crypto as the “Most Bullish” Document in Crypto History

Regulators finally drop the hammer—but it’s not what you think. The SEC’s latest move might just be the green light crypto’s been waiting for.

From red tape to rocket fuel

Wall Street’s favorite punching bag just handed the industry an unexpected gift. Bitwise’s Chief Investment Officer isn’t holding back—this regulatory document could rewrite the crypto playbook.

The fine print that changes everything

Forget about crackdowns. This framework reads like a love letter to blockchain innovation, with enough legal clarity to make even the most jaded crypto lawyer crack a smile. (And yes, we checked—it’s not an April Fool’s joke.)

The cynical take

Of course, the suits only play nice when there’s money to be made. After watching trillions flow into crypto while their precious stock markets flatline, even regulators can do basic math.

Most Bullish Crypto Bets Bitwise CIO Says You Shouldn’t Miss

Hougan highlighted three key investment opportunities: LAYER 1 blockchains, crypto-enabled super-apps, and DeFi platforms.

Ethereum leads the pack in Layer 1 infrastructure, but Hougan advises diversification across other networks like Solana, Cardano, and Avalanche.

He warns that early dominance doesn’t guarantee future leadership, citing past tech cycles where initial winners eventually faded.

Bitwise, which already offers spot Bitcoin and ethereum ETFs, is pushing to expand its exposure through a crypto index ETF, currently trading under ticker “BITW.”

The fund includes assets like BTC, ETH, SOL, and XRP, aligned with Hougan’s diversified bet on foundational blockchain infrastructure.

Beyond base layers, Hougan pointed to financial “super-apps” as a future battleground.

Atkins’ speech laid out a regulatory path for broker-dealers to seamlessly offer crypto and traditional assets under a unified license regime.

Coinbase and Robinhood are both moving in this direction, and Hougan believes the firm that cracks this model could become the world’s most valuable financial company, potentially surpassing a $1 trillion market cap.

DeFi, long caught in a regulatory limbo, also gets a nod in Project Crypto. Atkins acknowledged that DeFi doesn’t fit traditional frameworks and requires new thinking.

Hougan sees that as a signal that platforms like Uniswap and Aave, already boasting billions in trading volume and TVL, could be on the verge of institutional adoption.

He expects DeFi tokens to grow stronger economic ties to protocol performance, unlocking more value for investors.

SEC Chair Vows to Bring Crypto Innovation Home with ‘Project Crypto’

Earlier this week, Atkins reaffirmed his commitment to keeping the next wave of financial innovation in the U.S., stating the SEC will not let overseas markets outpace American capital markets.

We will make sure the next chapter of financial innovation is written right here in America.

Watch highlights from my speech launching Project Crypto at @A1Policy. pic.twitter.com/euqY9samPt

Speaking at the America First Policy Institute, Atkins emphasized the agency’s determination to support a thriving onshore crypto ecosystem.

He also backed the latest report from the President’s Working Group on Digital Assets, calling it a blueprint for U.S. leadership in blockchain.

Atkins framed the effort as part of a broader national agenda, declaring that under new guidance, “our crypto asset economy will be” part of America’s Golden Age.