Bitwise CIO: SEC Crypto Pivot no dey underprice, DeFi go soar
Bitwise CIO Matt Hougan yarn say SEC crypto turn under Chair Paul Atkins no dey for market price well. For one July talk, Atkins talk pro-crypto plan to join blockchain, start super apps wey go mix trading and payments, plus clear rules through Project Crypto. Since Trump win election and Gary Gensler waka, Bitcoin plus other tokens don rally. Hougan talk say Atkins speech na the most gbedu crypto document wey e don read. E talk say market never put for head say enforcement actions don stop and rules don clear, e predict 10x–100x growth for DeFi and trillions dollar gain for platform like Coinbase and Robinhood. Traders make dem check portfolio again and increase digital asset share before more gains wey dis SEC crypto turn go bring.
Bullish
Di SEC crypto pivot we under Chair Atkins don show say big change dey for US policy. For short term, dem cancel enforcement actions and start Project Crypto go make people confidence grow, plus e go push buying pressure for Bitcoin and DeFi tokens sharp sharp. For long term, clear regulation and support for blockchain innovation plus super apps fit attract big institution money, wey go lead to steady demand and ecosystem growth. Historical example show say when rules clear, e dey usually before crypto bull markets. Traders fit expect price to go up as market begin adjust to this pro-crypto style, so news be very bullish.