Bitwise CIO Matt Hougan on SEC's "Crypto Project": "The Most Positive Document I’ve Ever Read on Crypto"
Matt Hougan, Chief Investment Officer at Bitwise—one of the firms offering spot Bitcoin and Ether ETFs in the U.S.—has shared his views on the U.S. Securities and Exchange Commission's (SEC) recently launched "Crypto Project" initiative.
In comments posted to his X (formerly Twitter) account, Hougan expressed strong optimism about the SEC’s direction:
"There’s a lot to say about Paul Atkins’ Crypto Project, and I’ll be sharing more details soon. But one thing is clear: the market hasn't priced this in yet. One of the biggest questions people are asking is whether this shift from skepticism to support by the SEC was expected. If it had been, the market would have already reacted. Maybe some expected it, but Atkins' speech caught me off guard. I’ve been writing about and analyzing crypto for eight years, and I’ve never seen such a positive tone before. In my view, this is still underappreciated. And the fact that the document was authored by the SEC chairman—not just a social media personality—makes it even more significant."
Last Friday, SEC Commissioner Paul Atkins officially introduced the “Crypto Project” initiative. During the announcement, he emphasized bringing traditional finance "on-chain" and stated:
“We will not let regulation stand in the way of innovation and growth.”
Hougan called the written report “the most positive crypto file I’ve ever read,” underscoring how unusual it is for such supportive language to come from such a high-ranking regulatory figure.
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