Wu Blockchain (@WuBlockchain): Arthur Hayes: Trump Should Veto the CLARITY Act
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Arthur Hayes: Trump Should Veto the CLARITY Act BitMEX founder Arthur Hayes @CryptoHayes said in a May 13 interview with The Wolf Of All Streets that he hopes Trump vetoes the CLARITY Act. He argued that if Bitcoin and crypto need regulation to survive, they are "not worth a penny." Hayes said banks want to offer crypto products because clients need non-correlated assets to hedge against inflation and fiat debasement, while banks can earn fees from them. But he opposed pushing Bitcoin too far toward "institutionalization," saying it would undermine what crypto has built over the past 15 years.