Policy
Hougan Explains Why Crypto Rose After the Clarity Act Failed
CoinCentral·October 1, 2026·1 min read
Bitcoin gained roughly 8% and Ether 7% after the Clarity Act failed to advance, according to Hougan. He argued stalled legislation could benefit exchanges offering stablecoin rewards and preserve licensing advantages for established platforms. The SEC's conditional tokenized stock exemption gives qualifying venues five years to test blockchain trading, and SEC staff guidance clarified token buybacks.
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