Arthur Hayes: Trump will find it difficult to implement his bitcoin policy, and the government will print money to benefit cryptocurrencies
On August 6th, BitMEX co-founder Arthur Hayes said in an interview that it doesn't matter to the crypto industry whether Trump or Harris wins the next US presidential election. Although the crypto industry has donated a lot of money to Trump, it is not enough to surpass JPMorgan Chase, Morgan Stanley, Citibank and Goldman Sachs, and the staff of these institutions are all from these banks, so while it would be nice for Trump to be elected and do these things, he may encounter the same problems as in his first term. Regarding bitcoin and monetary policy, Hayes said that both the Trump administration and the Harris administration will print money; they just do it in different ways. But money is bound to be printed, so cryptocurrencies will go up and the road can be very bumpy, but eventually we know where it's going. Also, for Gary Gensler, chairperson of the Securities Exchange Commission, Hayes said 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 not satisfied with in the first place are still in place, then firing Gary Gensler will not do anything because your elected representatives choose to consider other things rather than develop a framework for cryptocurrencies.