[Bitwise CIO: Bull Market May Still Continue Despite Clarity Act Setback] According to The Block, Bitwise Chief Investment Officer Matt Hougan has revised his previously pessimistic outlook on the failure of the Clarity Act, stating that the crypto bull market is no longer heavily dependent on the passage of the act. The Clarity Act received only 49 votes in a procedural vote in the Senate, falling short of the 60-vote threshold. However, since July 1, Bitcoin has risen from approximately $57,950 and surpassed $80,000 in early September, while the prediction market probability of the act passing this year has dropped from 39% to 14% during the same period.