Bitwise CIO says Clarity bill miss this week could set up fall rally

Bitwise CIO Matt Hougan said on social media that if the Clarity bill does not pass this week, the setback could instead lay the groundwork for a fall rally. Hougan said the best-case scenario if the bill fails this week would be for the probability of passage on Polymarket to fall clearly into at least the 10% range, fully removing market uncertainty. He added that the market could see a brief bout of volatility, but the outcome would ultimately set the stage for a rally in the fall.