Bitwise CIO: Cryptocurrency industry needs to integrate into daily life in the United States to address policy risks

Bitwise Chief Investment Officer Matt Hougan stated that if the US Congress fails to pass the Crypto Market Structure Act, the crypto industry will need to deeply integrate into the daily lives of Americans and the traditional financial system over the next three years to mitigate the risks posed by policy changes. He pointed out that the legislation being pushed forward by the Senate aims to clarify the regulatory agencies' supervision of the cryptocurrency industry, and if passed, it will officially establish the current pro cryptocurrency policy direction. Hougan warned that if the bill is not passed, the future government may overturn existing policies, and policy changes in Washington may have a significant impact on the industry.