BItMEX Founder Arthur Hayes Says Next Presidential Administration Irrelevant for Crypto – Here’s Why

BitMEX founder Arthur Hayes says it doesn’t matter to the crypto industry who wins the upcoming presidential election.

Speaking at the Token 2049 event in Singapore, the Maelstrom CIO says that he doesn’t believe Republican presidential candidate Donald Trump is being genuine when espousing pro-crypto stances.

“I don’t understand why crypto bros and gals are so pro-Trump because Trump was president for four years and he did [nothing] and so now he wants a bunch of crypto donations?

He says the right things out of his mouth, launches some DeFi (decentralized finance) [garbage] or whatever he’s doing and all of a sudden people are like ‘oh yeah you were president for four years, you had all this opportunity to do all these things, and you did nothing. All of a sudden you’re going to do something now? I don’t think so.’”

And when it comes to Democratic nominee Kamala Harris, Hayes says that she and her side of the aisle have been consistently “hostile” toward the digital assets industry.

He also notes how an explosion of growth happened for Bitcoin (BTC) without any help from regulators.

“The Democrats and their administration has been hostile to crypto. My point is, who cares? It doesn’t matter. Bitcoin went from zero to a $1-2 trillion market cap with no regulatory clarity or support from any government regulators.

We don’t need them. Why grovel to these people to beg for scraps off of the table? Continue building the stuff that you should be building…

So it doesn’t matter at the end of the day because the Republicans in the US are going to cut taxes without cutting spending so the government deficit widens and then the Democrats are going to have more welfare payments and the government deficit widens.”

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