{"id":40894,"date":"2025-08-07T06:01:33","date_gmt":"2025-08-07T06:01:33","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=40894"},"modified":"2025-08-07T06:01:33","modified_gmt":"2025-08-07T06:01:33","slug":"time-to-think-bigger-secs-project-crypto-has-not-been-priced-in-says-bitwise-cio","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=40894","title":{"rendered":"Time To Think Bigger: SEC\u2019s \u2018Project Crypto\u2019 Has Not Been Priced In, Says Bitwise CIO"},"content":{"rendered":"
\n

Bitwise CIO Matt Hougan weighed in on the Securities and Exchange Commission (SEC) Chair\u2019s recent speech announcing the regulator\u2019s new initiative to develop the digital crypto industry.<\/p>\n

Project Crypto, The \u2018Most Bullish\u2019 Document<\/h2>\n

On Tuesday, Bitwise CIO Matt Hougan discussed<\/a> the SEC Chair\u2019s recent speech, titled \u201cAmerican Leadership in the Digital Finance Revolution.\u201d In a memo to clients, Hougan affirmed that \u201cthe most bullish document (\u2026) on crypto wasn\u2019t written by some Yahoo on Twitter. It was written by the chairman of the SEC.\u201d<\/p>\n

As reported<\/a> by Bitcoinist, Paul Atkins outlined his vision for the financial markets over the next years in a speech to the America First Policy Institute. In the speech, the SEC Chain unveiled the \u201cProject Crypto\u201d initiative, which aims to transform the US into the \u201ccrypto capital of the world.\u201d<\/p>\n

The commission-wide initiative is expected to modernize securities rules and regulations, enabling US financial markets to move on-chain and \u201chelp ensure that the United States remains the best place in the world to start a business, develop cutting-edge technologies, and participate in capital markets.\u201d<\/p>\n

Atkins\u2019s speech is \u201cthe most complete vision of how crypto can reshape financial markets,\u201d the Bitwise CIO affirmed, arguing that it seems like the SEC Chair \u201ctook all the best ideas crypto supporters have been promoting for the past decade and packaged them in a single speech, along with details on how the SEC can actually make them happen.\u201d<\/p>\n

Hougan suggested that the most obvious question is whether the SEC\u2019s vision was priced in. If the markets were already anticipating the SEC shift from \u201ccrypto antagonist to crypto catalyst,\u201d then it should already be factored into the price of most digital assets.<\/p>\n

Nonetheless, he argued that he realized it is time to \u201cthink bigger\u201d and \u201cmove to a faster timeline\u201d after reading the speech, concluding that \u201cIf it wasn\u2019t priced in for me, I\u2019m going to guess it wasn\u2019t priced in for others.\u201d<\/p>\n

Opening The Door For Key Opportunities<\/h2>\n

In the memo, Hougan highlighted that there\u2019s \u201ca lot to unpack\u201d from Atkins\u2019s remarks, \u201cyou could build an entire venture capital firm around the chairman\u2019s vision, creating companies to capitalize on each opportunity he lays out,\u201d he continued.<\/p>\n

However, he asserted that three immediate investment opportunities stand out, starting with investing in Ethereum and other Layer 1 blockchains that support stablecoins<\/a> and tokenization.<\/p>\n

He argued that, as US regulators and lawmakers work to modernize rules and create legal frameworks to bring the financial market on-chain, gaining exposure to the underlying platforms is crucial.<\/p>\n

\n

The best approach is likely to buy a basket of the leading assets: Ethereum, Solana, Cardano, XRP, Avalanche, Aptos, Sui, NEAR, and so on.<\/p>\n<\/blockquote>\n

A second opportunity rises in what Atkins called \u201cSuper-Apps,\u201d which are platforms offering a broader range of financial services. In the speech, the SEC chair argued that broker-dealers should be able to offer crypto and traditional trading, and services like staking and lending, without \u201crequiring fifty-plus state licenses or multiple federal licenses.\u201d<\/p>\n

To Bitwise CIO, platforms like Coinbase and Robinhood have embraced the super-app concept and \u201ccould become the largest financial services company in the world, maybe even becoming the first financial services company worth more than $1 trillion,\u201d with the SEC\u2019s roadmap<\/a>.<\/p>\n

Lastly, Hougan affirmed that DeFi applications are another major opportunity standing out, explaining that these apps have surged in a \u201cregulatory gray zone\u201d that has constrained their growth.<\/p>\n

\u00a0\u201cDeFi is not just a technical revolution, but a conceptual one. And the chairman of the SEC gets it,\u201d he highlighted, predicting that with more regulatory clarity underway, the sector could surge.<\/p>\n

\n

Despite the lack of regulatory clarity, DeFi apps have significant usage. (\u2026.) With greater clarity, could these numbers rise by 10x? 50x? 100x? As traditional and crypto markets merge, the opportunity is huge.<\/p>\n<\/blockquote>\n

\"crypto,<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Bitwise CIO Matt Hougan weighed in on the Securities and Exchange Commission (SEC) Chair\u2019s recent speech announcing the regulator\u2019s new initiative to develop the digital crypto industry. Project Crypto, The \u2018Most Bullish\u2019 Document On Tuesday, Bitwise CIO Matt Hougan discussed the SEC Chair\u2019s recent speech, titled \u201cAmerican Leadership in the Digital Finance Revolution.\u201d In a […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-40894","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/40894","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=40894"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/40894\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=40894"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=40894"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=40894"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}