Arthur Hayes Wants Trump to Veto the CLARITY Act — Says Crypto Needing Regulation Isn't Worth a Penny

BitMEX founder Arthur Hayes said in a May 13 interview with The Wolf Of All Streets that he hopes President Trump vetoes the CLARITY Act. His argument is blunt: if Bitcoin and crypto require regulatory approval to survive, they have no fundamental value. "Not worth a penny" was his framing.

Hayes acknowledged the commercial logic pulling banks toward crypto — clients want non-correlated assets to hedge inflation and fiat debasement, and banks earn fees in the process. But he drew a hard line against what he called excessive institutionalization, warning it would erode the foundational properties that crypto has spent 15 years building.

The tension Hayes is naming is real: regulatory clarity lowers barriers for institutional capital, but it also hands governments the lever to define what crypto is — and isn't. His veto call is a bet that the technology is stronger without that lever in…