Bitwise CIO Matt Hougan Addresses Concerns on Cryptocurrency Legislation

Bitwise CIO Matt Hougan responded to concerns regarding the permanence of pro-cryptocurrency laws passed in the US, asserting that they will not be overturned by future administrations.

Hougan mentioned in his weekly CIO note that this question is frequently asked:

> “The question is whether today’s legislative achievements will be reversed by future administrations. My answer is clear: No. I wrote about this in detail in my Bitwise CIO memo this week. At this point, the ‘arrow is out.’”

He indicated that cryptocurrencies have gained bipartisan support in Congress, highlighting the GENIUS Act, which passed the Senate with a 68-30 vote in 2025 and garnered backing from 18 Democratic senators.

Hougan attributed this support to the financial sector’s vested interest in cryptocurrency. Major players like BlackRock, JPMorgan, and Morgan Stanley entering the crypto space makes it challenging for policymakers to reverse course.

“Almost every major financial institution in the US today has a crypto-related initiative,” Hougan noted, emphasizing that millions of Americans and thousands of companies are investing in this area, creating political pressures that make a retraction unlikely.

*This is not investment advice.