Crypto investors are likely underestimating the implications of the US SEC’s new stance on cryptocurrencies, suggesting that crypto prices may still have room to grow. Bitwise’s CIO, Matt Hougan, noted that SEC chair Paul Atkins's recent speech presented a bold vision for integrating blockchain into financial markets, which he described as the most optimistic endorsement of crypto from a leading authority. Hougan highlighted the potential value in allocating capital towards crypto, based on Atkins's suggestions. He emphasized the transitioning of traditional assets to public blockchains and the emergence of 'super apps' in finance. Additionally, with the SEC's clarification, decentralized finance (DeFi) apps could thrive after previously existing in a regulatory gray area. Overall, Hougan predicts significant growth opportunities as traditional finance meets blockchain technologies under clearer regulations.

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