CLARITY Act News: Bitwise CIO Says Bitcoin Isn't the Biggest Winner Here

The article says President Trump is expected to meet with major crypto executives at the White House as the CLARITY Act stalls in the Senate and its chances of passing this year fall. Bitwise CIO Matt Hougan argues the meeting could be broadly supportive for Bitcoin, but sees the bigger upside in tokenization-related platforms such as DeFi protocols and oracle networks, which could benefit if crypto infrastructure expands into traditional markets. He frames tokenization as a potential shift from a $2 trillion crypto market to addressable pools tied to equities and bonds worth hundreds of trillions. The piece also highlights uncertainty around regulation: Polymarket estimates only a 20% chance the CLARITY Act passes, and if it fails, the SEC and CFTC may continue shaping policy piecemeal. Overall, the market takeaway is constructive for crypto sentiment, especially BTC, but more focused on long-term infrastructure winners than immediate legislative progress.