Bitwise CIO Says Wall Street Moving Onchain Could Fuel the Next Crypto Bull Market

Bitwise’s chief investment officer argued that Wall Street’s shift onchain could help drive the next crypto bull market. The update also noted a new Republican draft of the Clarity Act and a warning from an SEC commissioner about DeFi.

Bitwise CIO Says Wall Street Moving Onchain Could Fuel the Next Crypto Bull Market

What happened?

Bitwise’s chief investment officer argued that Wall Street’s shift onchain could help drive the next crypto bull market. The update also noted a new Republican draft of the Clarity Act and a warning from an SEC commissioner about DeFi.

Why it matters

Bitwise’s chief investment officer said the growing push for Wall Street to move onchain could be a major catalyst for the next crypto bull market. The broader market update also pointed to Republicans publishing a new draft of the Clarity Act and to an SEC commissioner warning about decentralized finance, or DeFi.

Bitwise’s chief investment officer said the growing push for Wall Street to move onchain could be a major catalyst for the next crypto bull market. The broader market update also pointed to Republicans publishing a new draft of the Clarity Act and to an SEC commissioner warning about decentralized finance, or DeFi.

The comments matter because they reflect how traditional finance, crypto regulation, and DeFi oversight are increasingly shaping the same market conversation. If more financial activity moves onto blockchain rails, it could influence how companies build products, how regulators respond, and how investors think about the sector’s next phase.

The Clarity Act draft adds to ongoing policy efforts in Washington aimed at defining how digital assets should be regulated. Draft proposals like this are closely watched by crypto companies because they can affect compliance expectations and the broader structure of the U.S. digital asset market.

At the same time, the SEC commissioner’s warning highlights that DeFi remains under scrutiny from regulators. That tension between innovation and oversight continues to be a central theme for the industry as firms weigh new infrastructure, legal risk, and market opportunities.

Taken together, the developments show that crypto’s next major move may depend not only on price action, but also on how regulation and institutional adoption evolve. For now, the focus remains on whether Wall Street’s onchain transition can translate into broader market momentum.

Source: Decrypt

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