The Senate has delayed its markup of the CLARITY Act, which would have been a critical step for the landmark crypto legislation. The delay is a notable setback for investors’ hopes of seeing crypto regulation this year.
Additionally, Coinbase (COIN) CEO Brian Armstrong withdrew his support of the bill in its current form, noting that it would be worse than no bill at all.
Bitwise Asset Management chief investment officer Matt Hougan sits down with Opening Bid host Brian Sozzi to discuss the latest crypto headlines and how these setbacks impact the industry as a whole.
Bitwise operates several of its own bitcoin (BITB, BITC, BTOP) and crypto (BITQ, BITW) exchange-traded funds (ETFs).
To watch more expert insights and analysis on the latest market action, check out more Opening Bid here: https://finance.yahoo.com/videos/series/opening-bid/
#youtube #crypto #bitcoin #trump
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