Arthur Hayes dropping truth bombs on the Clarity Act:
"This is terrible for US crypto. $BTC didn't need regulatory handholding from 2009 to now — it won't need it going forward either."
The man's point: Bitcoin thrived in the gray zone. Now Congress wants to "help" with clarity? More like regulatory capture dressed up as innovation.
If you're bullish on freedom money, you should be skeptical of government "clarity." History shows regulation = gatekeeping = less permissionless innovation.
Watch how this plays out. US might just regulate itself out of the next cycle's alpha.
"This is terrible for US crypto. $BTC didn't need regulatory handholding from 2009 to now — it won't need it going forward either."
The man's point: Bitcoin thrived in the gray zone. Now Congress wants to "help" with clarity? More like regulatory capture dressed up as innovation.
If you're bullish on freedom money, you should be skeptical of government "clarity." History shows regulation = gatekeeping = less permissionless innovation.
Watch how this plays out. US might just regulate itself out of the next cycle's alpha.