Bitwise: Crypto faces fork in the road as Clarity Act support wavers, Bitwise says

The asset manager argued that without federal legislation, the industry has three years to become indispensable before political winds potentially shift. What to know : Bitwise said in a blog post Monday that Polymarket odds for the Clarity Act have fallen from 80% to 50% following industry pushback. If the bill fails, Bitwise believes crypto must achieve mass adoption in stablecoins and tokenization to force a regulatory hand. The firm anticipates a sharp rally upon the bill's passage, while a failure would likely lead to a "slower ascent" tied to proven utility.