SEC’s latest crypto rules only open a few of Wall Street’s ‘million doors’ – Bitwise CIO Matt Hougan

- So Bitwise CIO Matt Hougan finally said the quiet part loud: Washington didn't just hand Wall Street the keys to crypto — it cracked one door in a hallway with a million of them, and most of those doors are labeled "compliance review" and "account eligibility form." The SEC's Regulation Crypto Assets proposal, the Trump-Hyperliquid chatter, the FASB stablecoin-as-cash-equivalent thing — all good. All small. Hougan's favorite example is Bitcoin ETFs: approved January 2024, and it still