Arthur Hayes: No matter who becomes the President of the United States, the government will print money, which is beneficial for cryptocurrencies
ChainCatcher news, BitMEX co-founder Arthur Hayes stated in an interview with DL News that it does not matter for the crypto industry whether Trump or Harris wins the next U.S. presidential election.Although the crypto industry has donated a lot of money to Trump, it is not enough to surpass JPMorgan, Morgan Stanley, Citibank, and Goldman Sachs, and the staff of these institutions are from these banks. Therefore, while it would be great if Trump were elected and did these things, he might encounter the same problems he faced during his first term.Regarding Bitcoin and monetary policy, Hayes stated that whether it is the Trump administration or the Harris administration, money will be printed; they just have different methods. But money will definitely be printed, so cryptocurrencies will rise. The road may be very bumpy, but in the end, we know where it will go.Additionally, regarding SEC Chairman Gary Gensler, Hayes mentioned that this is a political issue. Gensler is not the problem, and the SEC is not the problem. If the regulatory rules that you were dissatisfied with from the beginning still exist, then firing Gary Gensler will not make any difference because your elected representatives choose to consider other matters instead of creating a framework for cryptocurrencies.Regarding the Bitcoin reserve plan, Arthur Hayes stated that even if Trump is elected, it is almost impossible to achieve.
