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Bitwise Chief Investment Officer Matt Hougan believes that the CLARITY Act, which aims to clarify the jurisdiction of the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) over digital assets, is expected to end the "cryptocurrency winter" and drive Bitcoin prices to new highs. He also pointed out that the traditional four-year price cycle of Bitcoin may no longer apply, with fundamental factors leading the price trend for the first time. The bill is currently advancing in the Senate, and traders at Polymarket believe there is an 80% chance it will be passed this year.