NEAR
−6.3%
UNI
−0.4%
LIT
−11.8%Bitwise says four crypto sectors gained after CLARITY Act failed
Image: Crypto.newsBitwise chief investment officer Matt Hougan said four crypto sectors gained advantages after the Senate failed to advance the CLARITY Act. He named stablecoin platforms, established exchanges, tokenization businesses and revenue-generating tokens. Coinbase was identified as the largest stablecoin beneficiary. Hougan reported gains of 104% for NEAR, 49% for Uniswap, 19% for Pump, 15% for Hyperliquid and 10% for Lighter. He also flagged a risk of regulatory reversal under a future administration.
Key points
- Bitwise named stablecoin platforms, established exchanges, tokenization businesses and revenue-generating tokens as sectors that benefited.
- Coinbase was identified as the largest beneficiary of stablecoin balance rewards that platforms retained.
- Hougan reported post-vote gains of 104% for NEAR and 49% for Uniswap.
- The SEC exemption gives qualifying tokenized U.S. stock venues a five-year testing route.
- Hougan warned that agency decisions offer less protection against political change than legislation.
Why it matters
Stablecoin rewards and exchange rules stayed in place after the vote, while agency guidance rather than legislation now shapes tokenized stock trading. Hougan said agency decisions offer less protection against political change.
What's unclear
The exact date of the Senate procedural vote on the CLARITY Act is not stated in either report.
Price context · NEAR
At publication
$4.72
Now
$4.71
Change since
−0.21%
7 days · dashed line = publication
Sources · 2 publishers
Crypto.news
Tier 2
Why crypto rallied after the CLARITY Act failed, according to Bitwise
Coverage timeline
- First reported by Bitcoin.com News
- Confirmed by Crypto.news
- CryptoVideos brief published
How this brief was made. Our system found this event in 2 independent publications, summarised two complete reports with AI and checked every number above against the source text. Sources are linked in full. Not financial advice. Report an error
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