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

BitMEX founder Arthur Hayes says it would not matter to the crypto business who wins the upcoming presidential election.

Talking on the Token 2049 occasion in Singapore, Maelstrom’s CIO says he would not consider Republican presidential candidate Donald Trump is honest in espousing pro-crypto positions.

“I do not perceive why crypto brothers and girls are so pro-Trump, as a result of Trump was president for 4 years and he did that. [nothing] and now he desires a bunch of crypto donations?

He says the fitting issues out of his mouth, launches a form of DeFi (decentralized finance) [garbage] or no matter he does, and abruptly folks say, “Oh yeah, you have been president for 4 years, you have had each alternative to do all this stuff, and you have achieved nothing.” Are you abruptly going to do one thing now? I do not assume so. ”

And in relation to Democratic candidate Kamala Harris, Hayes says she and her facet of the aisle have been persistently “hostile” towards the digital asset business.

He additionally notes how an explosion of progress occurred for Bitcoin (BTC) with none assist from regulators.

“The Democrats and their administration have been hostile to crypto. My level is: who cares? It would not matter. Bitcoin went from zero to a market cap of $1-2 trillion with out clear regulation or assist from authorities businesses.

We do not want them. Why would you grovel to those folks to beg for leftovers from the desk? Hold constructing the issues you need to be constructing…

Ultimately it would not matter, as a result of the Republicans within the US are going to chop taxes with out reducing spending, in order that the federal government deficit will increase and the Democrats get extra social advantages and the federal government deficit will increase.”

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Featured picture: Shutterstock/Vadim Sadovski/Fotomay