Hold Onto Your Wallets: Crypto is Here to Stay—Even if the Presidents Change Hats!

by

Ah, Crypto! That peculiar little creature that has wormed its way so deep into the U.S. financial tapestry that one might wonder if future administrations could disentangle it without breaking a few knitting needles. An expert, with the gravitas of a wizard in a library, has decreed its entrenchment now veritably cosmic.

Can Future Administrations Shut Down Crypto? Let’s Just Say They’d Have Better Luck Chasing Clouds

With bipartisan support stacking up like a round of drinks at a drunken goblin’s tavern and Wall Street cheering like an overly enthusiastic crowd at a wizards’ duel, U.S. crypto legislation is firmly paving a path to what can only be described as a fiscal intersection where future administrations shall stumble, dazed and confused. On this grand stage, Bitwise Chief Investment Officer Matt Hougan took to the immortal ether of social media (known affectionately as X, presumably because it’s the mark of a generic pirate) to make sense of our bewildering times.

Following the House of Representatives throwing a trio of crypto bills into the legislative cauldron, Hougan, channeling his inner soothsayer, tweeted:

People could ask if today’s legislative gains will be undone by future Administrations. The answer is ‘no,’ akin to expecting a cat to do taxes. You can’t put the genie back in the bottle—unless, of course, you have a properly enchanted bottle.

His musings followed a remarkable streak of wins for those rather fond of regulatory clarity—an oddity in itself, like discovering a unicorn that bakes cookies. In a previous memo on July 14, Hougan noted that crypto has become one of those delightful issues in Washington where rival factions manage to nod in agreement without sending anyone flying off in a puff of smoke.

He boldly pointed out that the financial system is now entwined with crypto, like vines strangling an unsuspecting garden statue. The cheering crowd of key stakeholders, particularly in the traditional finance guild, have decided that crypto might just be a great party to crash. “The U.S. financial industry—historically a great financial contributor to the Democratic Party’s treasure chest—has suddenly found itself enamored with the prospects that crypto offers,” he said, highlighting how investor interest has made playing hardball increasingly like trying to find a needle in a haystack full of needles.

As if single-handedly lifting a wooden spoon and stirring a kettle, Hougan declared that institutional adoption isn’t just the latest trend disappearing faster than pie at a feasting table. “Consider this: Today, nearly every major financial institution in the U.S. has some level of crypto shenanigans underway,” he added, probably while polishing an imaginary wizard’s hat.

If Blackrock, JPMorgan, and Morgan Stanley are playing ball in the crypto sandbox—along with a whole horde of American enterprises and millions of enthusiastic citizens—it gets devilishly hard to visualize a scene where politicians decide to leap in the air and do a complete somersault away from it.

That increasingly tangled web of involvement, Hougan asserted, has elevated crypto to a form of political and economic reality akin to a dragon that has decided to nest in the backyard—irremovable and perhaps a bit too fond of marshmallows.

Read More

2025-07-18 04:57