Crypto Economy and TronWeekly both quote Bitwise CIO Matt Hougan on the Clarity Act's Senate setback but report different Bitcoin and Ether price gains for the same post-vote period.
What all sources agree on
- The Senate failed to advance the Clarity Act on September 15 after a procedural vote fell short of the required threshold.
- The SEC approved a five-year innovation exemption allowing permissioned trading of tokenized US equities shortly after the Senate vote.
- The SEC issued staff guidance on September 25 addressing token buybacks and the Howey test's 'managerial efforts' standard.
- Hougan argues the Clarity Act's failure allowed crypto industry to avoid certain proposed restrictions, including limits on stablecoin rewards, while regulators advanced guidance through agency action instead of statute.
Where the reports disagree
1Bitcoin's price gain following the Clarity Act setback
Bitcoin gained nearly 8% and Ether rose 7% following the bill’s standstill.
Bitcoin has since gained nearly 11%, while Ether has risen roughly 12%.
What would settle it: Bitwise's underlying weekly market report or verifiable Bitcoin/Ether spot price data for the dates in question.
2Ether's price gain following the Clarity Act setback
Bitcoin rebounded 8% and Ether climbed up to 7% in the days following the procedural vote.
Bitcoin has since gained nearly 11%, while Ether has risen roughly 12%.
What would settle it: Bitwise's underlying weekly market report or verifiable Bitcoin/Ether spot price data for the dates in question.
What to make of it
Treat the sequence of regulatory events (Senate vote, SEC innovation exemption, SEC buyback guidance) as established, but do not cite specific Bitcoin or Ether percentage gains from either report until the underlying price data or Bitwise's own report is checked; a third source on this story could not be retrieved for comparison.
Treat the sequence of regulatory events (Senate vote, SEC innovation exemption, SEC buyback guidance) as established, but do not cite specific Bitcoin or Ether percentage gains from either report until the underlying price data or Bitwise's own report is checked; a third source on this story could not be retrieved for comparison.