{"id":356091,"date":"2024-09-26T02:41:09","date_gmt":"2024-09-25T21:11:09","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=356091"},"modified":"2024-09-26T02:41:09","modified_gmt":"2024-09-25T21:11:09","slug":"bitmex-founder-arthur-hayes-says-next-presidential-administration-irrelevant-for-crypto-heres-why-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bitmex-founder-arthur-hayes-says-next-presidential-administration-irrelevant-for-crypto-heres-why-crypto-news\/","title":{"rendered":"BItMEX Founder Arthur Hayes Says Next Presidential Administration Irrelevant for Crypto \u2013 Here\u2019s Why – Crypto News"},"content":{"rendered":"

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BitMEX founder Arthur Hayes says it doesn\u2019t matter to the crypto industry who wins the upcoming presidential election.<\/p>\n

Speaking at the Token 2049 event in Singapore, the Maelstrom CIO says<\/a> that he doesn\u2019t believe Republican presidential candidate Donald Trump is being genuine when espousing pro-crypto stances.<\/p>\n

\u201cI don\u2019t 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? <\/em><\/p>\n

He says the right things out of his mouth, launches some DeFi (decentralized finance) [garbage] or whatever he\u2019s doing and all of a sudden people are like \u2018oh 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\u2019re going to do something now? I don\u2019t think so.’\u201d<\/em><\/p>\n

And when it comes to Democratic nominee Kamala Harris, Hayes says that she and her side of the aisle have been consistently \u201chostile\u201d toward the digital assets industry.<\/p>\n

He also notes how an explosion of growth happened for Bitcoin (BTC<\/a>) without any help from regulators.<\/p>\n

\u201cThe Democrats and their administration has been hostile to crypto. My point is, who cares? It doesn\u2019t matter. Bitcoin went from zero to a $1-2 trillion market cap with no regulatory clarity or support from any government regulators. <\/em><\/p>\n

We don\u2019t need them. Why grovel to these people to beg for scraps off of the table? Continue building the stuff that you should be building\u2026 <\/em><\/p>\n

So it doesn\u2019t 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.\u201d<\/em><\/p>\n