🤯 SEC’s Crypto U-Turn: Ethereum, Solana, and Uniswap Poised for Moonshot 🚀

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Ah, the absurd theater of modern finance unfolds once more. Matt Hougan, the chief investment officer of Bitwise-yes, that digital asset firm riding the crypto rollercoaster-has declared that the SEC’s newfound love affair with blockchain is nothing short of a miracle. Or, as he puts it, “the most bullish document” he’s ever read about crypto. Truly, we live in an age where even regulators can pivot like TikTok influencers. 😂

Picture this: Paul Atkins, the SEC Chair, stands before the world, painting a utopia where traditional assets frolic happily on public blockchains, and decentralized finance (DeFi) reigns supreme. It’s as if Scrooge himself decided to throw a rave for Bob Cratchit. Hougan, ever the optimist, insists this paradigm shift is “not priced in.” Translation? Buckle up, because the market hasn’t even begun to process the lunacy of it all. 🎢

So, where does one place their bets in this brave new world? According to Hougan, the “most obvious opportunity” lies in layer-1 blockchains-the sturdy pillars upon which stablecoins and tokenization rest. He muses:

“It doesn’t take a genius to see it: If substantially all assets are going to move onto public blockchains, you want exposure to those blockchains.

Which ones?

The best approach is likely to buy a basket of the leading assets: Ethereum, Solana, Cardano, XRP, Avalanche, Aptos, Sui, NEAR, and so on.”

Because, naturally, when life hands you lemons, you diversify them into a fruit salad. 🍋🍇

But wait, there’s more! The shadow of regulatory uncertainty that has loomed over DeFi like a stubborn raincloud is lifting, says Hougan. And with clarity comes growth-or so the story goes. Consider Uniswap, the largest spot trading app, which processed a jaw-dropping $88 billion in trading volume in June. Or Aave, the lending protocol with $56 billion locked in its coffers. Hyperliquid, too, boasts numbers that make your head spin. Hougan dares to ask:

“With greater clarity, could these numbers rise by 10x? 50x? 100x? As traditional and crypto markets merge, the opportunity is huge.”

Huge indeed. Perhaps they’ll soon be trading moon rocks alongside altcoins. 🌕💸

And let us not forget the super-apps, those Swiss Army knives of financial services. Hougan waxes poetic about Coinbase and Robinhood, two companies hurtling toward each other like star-crossed lovers. One started in crypto and tiptoed toward tradition; the other began in tradition and sprinted toward crypto. He boldly predicts:

“One of these companies could become the largest financial services company in the world, maybe even becoming the first financial services company worth more than $1 trillion.”

A trillion-dollar titan? Now that’s a number so large it might require its own blockchain just to store it. 🤑

So here we stand, at the precipice of what Hougan sees as a golden age for crypto. Whether his prophecy proves true or crumbles like a house of cards remains to be seen. But one thing is certain: in the grand circus of finance, the SEC has just swapped its whip for a juggling act. Let the games begin! 🎪🎉

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2025-08-07 23:06