Bitwise CIO Matt Hougan Stands Firm on Pro-Cryptocurrency Laws
Bitwise CIO Matt Hougan responded to concerns about the longevity of the pro-cryptocurrency laws recently passed in the United States. Amid worries that future administrations could overturn these laws, Hougan reassured skeptics with a resolute message: “No, they will not be overturned.”
Hougan addressed this recurring question in Bitwise’s weekly CIO note, emphasizing the stability of the current legislative landscape:
“The question is whether today’s legislative achievements will be reversed by future administrations. My answer is clear: No. I wrote about this in detail in my Bitwise CIO memo this week. At this point, the ‘arrow is out.'”
Highlighting the bipartisan support that cryptocurrencies have garnered in Congress, Hougan pointed to the recent passage of the GENIUS Act with a 68-30 Senate vote in 2025, backed by 18 Democratic senators.
Hougan attributed this widespread support to the significant interest from the financial sector in cryptocurrency. With major players such as BlackRock, JPMorgan, and Morgan Stanley entering the crypto space, policymakers face mounting pressure to maintain their stance.
“Almost every major financial institution in the US has a crypto-related initiative today,” Hougan stated. He emphasized the growing adoption of cryptocurrencies by millions of Americans and thousands of companies, making it increasingly challenging for policymakers to backtrack on their support.
*This content is for informational purposes only and does not constitute investment advice.