Wu said he learned that Bloomberg ETF analyst Eric Balchunas, in responding to a report by The Wall Street Journal about the CLARITY Act being blocked, stated that although he understands the ethical concerns raised by lawmakers’ personal token holdings, in his view the crypto industry has already done its best to push the bill forward, and ultimately it was partisan infighting that led to its being stalled. He believes the industry didn’t miss the opportunity due to its own missteps, but instead encountered political resistance during the legislative process. Balchunas also criticized the media for its long-standing tendency to focus on negative coverage of the crypto industry, saying that Bitcoin’s attributes—its ability to resist censorship and withstand currency debasement—deserve more attention.