"The train has left the station." The CLARITY Act failed to advance in the Senate, but @Bitwise CEO @HHorsley says crypto's momentum in the U.S. isn't stopping. At @avax Summit, Horsley explains why he believes the industry will keep moving forward, with or without Congress.

What happened

The CLARITY Act, a proposed law, did not advance in the U.S. Senate. Despite this setback, Bitwise CEO Hunter Horsley said at the Avalanche Summit that cryptocurrency momentum in the U.S. will continue, with or without Congress, comparing it to a train that has already left the station.

Confirmed

Global impact / market context

When a crypto law fails, it may mean less regulatory clarity for crypto companies. However, the CEO's confidence suggests companies might still invest and grow despite political hurdles, potentially keeping innovation moving forward without waiting for new rules.

Analyst inference

If regulatory progress stalls, investors might see more uncertainty, which could lead to short-term price dips. But continued industry momentum could encourage long-term investment, as companies may focus on building products and services rather than relying on government approval.

Analyst inference

What to watch

1. The CLARITY Act failed to advance in the Senate, but no further votes or procedural steps were reported. Watch for any future attempts to reintroduce or revise crypto legislation. Confirmed
2. Investors should monitor comments from crypto industry leaders like Hunter Horsley at major conferences, as their statements can indicate whether companies will keep expanding operations even without new laws. Proposed
3. Without new regulation, crypto firms may face legal uncertainties, possibly slowing their ability to attract mainstream investors or launch new services. Watch for shifts in corporate strategies or public messaging. Analyst inference

Affected assets

• AVAX — AVAX

Evidence

• x.com