BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Bitwise CIO Warns Failed Crypto Bill Could Trigger Market Turbulence
Bitwise CIO Warns Failed Crypto Bill Could Trigger Market Turbulence
13
3
Bitwise Chief Investment Officer Matt Hougan suggests that opposition to a key cryptocurrency bill may precipitate a volatile summer for digital asset markets. The legislation, which previously cleared the Senate Banking Committee in March, now faces resistance from senators citing insufficient anti-money laundering safeguards.
"The amended version actually strengthens AML and KYC provisions beyond the committee-approved draft," Hougan noted, dismissing the stated objections as politically motivated. The shift coincides with declining approval ratings for former President Trump and growing concerns about electoral conflicts.
By:
Previous
House Committee Unveils New Crypto Market Structure Bill
Next
Trump’s Growing Crypto Empire Triggers Backlash: Will Stablecoin Legislation GENIUS Be Passed?
