Bitwise's Hougan says Iran attack shows crypto is crisis safe haven; House pushes Senate on stablecoin Clarity Act

Bitwise's Matt Hougan said last weekend's Iran attack demonstrated digital assets have become a go-to market in global crises and called the shift to onchain finance inevitable. House Financial Services Committee Chair French Hill urged the Senate to adopt the House-passed Clarity Act language on the stablecoin yield dispute, while Indiana Governor signed HB 1042 to protect Bitcoin rights, bar discriminatory crypto taxation and permit digital assets in state retirement plans. CFTC Chair Michael Selig backed President Trump's call to advance the Clarity Act as key to a futureproof digital asset market structure, and Trump separately accused banks of undermining the GENIUS and CLARITY Acts while pledging to secure U.S. crypto leadership. The European Central Bank warned rising stablecoin usage could pull deposits from banks, curb lending and weaken monetary policy transmission in the euro area, while Ripple broadened Ripple Payments to let businesses collect, hold, swap and pay out in fiat and stablecoins, and Visa expanded its partnership with Stripe-backed Bridge to launch stablecoin-linked cards in more than 100 countries by year-end.