Clarity Act ‘not a gatekeeper’ for crypto innovation, WisdomTree exec says

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WisdomTree does not see pending U.S. crypto legislation as a prerequisite for innovation, even as policymakers debate new rules for digital assets.

“I don’t [think] it would inhibit anything that we’re trying to do,” said Will Peck, the firm’s head of digital assets, referring to the proposed Clarity Act. “We don’t view it as a gatekeeper.”

The Clarity Act, which is pending approval from Congress, aims to establish clearer jurisdiction between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), while setting rules for how digital assets are classified and regulated. Supporters say it could reduce uncertainty that has slowed institutional adoption.

Peck’s believes much of the framework already exists. “The SEC has all the tools… to foster good tokenized security markets, good tokenized fund markets,” he said.

That perspective reflects WisdomTree’s approach. The asset manager has been building in crypto and tokenization for years, earlier than many traditional peers. It offers a spot bitcoin exchange-traded fund (ETF) in the U.S. and a broader suite of crypto exchange-traded products in Europe, where competition has been less intense and innovation started earlier.

More recently, the firm has focused on tokenized real-world assets. WisdomTree operates one of the larger tokenized money market funds, a product category that has grown as investors look for yield on-chain. Peck said the fund has already found “good product market fit.”

The company also secured a form of SEC relief that allows the fund to trade continuously. “This holy grail of… instant settlement is actually happening now with this product,” Peck said.

In practice, that means institutional investors can move between U.S. dollars, stablecoins like USDC and the fund itself at any time, rather than waiting for end-of-day processing. The model points to how traditional financial products could evolve on blockchain rails.

WisdomTree’s broader goal is to bring more regulated investment products on-chain. Peck said the firm wants to expand beyond money market funds into other tokenized instruments, including exchange-traded funds and yield-generating products. Over time, that could allow investors to access familiar assets directly from digital wallets, without relying on traditional brokerage accounts.

The firm is also betting that demand will persist regardless of market cycles. “It has not affected us at all,” Peck said of recent crypto price volatility, describing activity as “all systems go.”

While Peck said the Clarity Act would be “constructive for the industry,” he suggested it is not the main driver of progress. Instead, firms like WisdomTree are moving ahead using existing regulatory pathways.

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