
SEC’s latest crypto rules only open a few of Wall Street’s ‘million doors’ – Bitwise CIO Matt Hougan
Bitwise CIO Matt Hougan says Wall Street’s crypto adoption now depends on fixing old trading rules and fragmented market infrastructure.
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The White House can expand how crypto enters federal custody, but a multibillion-dollar buying program still needs lawmakers to unlock funding or purchase authority.

The regulator imposes offering caps but no federal time-based lockup, while senators want some insiders held for 12 months before network decentralization.

An anonymous trader holds $415,000 against CLARITY ahead of a Senate test, dwarfing the market’s $160,000 in displayed liquidity.

Only notified business users are covered; access restrictions follow Aug. 21 and market-price liquidation starts Sept. 21.

The customer-posted notice reportedly leaves exchange transfers unaffected, while rejected funds require support to return them to the originator address.

The rule is not operative, but Greenlane’s disclosed share count implies a steep price hurdle if the stay is lifted.



