TechFlow news — On August 6, according to DL News, Arthur Hayes, co-founder of BitMEX, discussed in a recent interview the potential impact of Trump and Harris on the cryptocurrency industry. He believes that regardless of who wins the election, traditional financial powers will continue to dominate, making rapid transformation within the crypto sector difficult. Although the crypto industry has been active in political donations, its influence remains limited compared to major banks such as JPMorgan and Goldman Sachs.
Regarding Bitcoin and monetary policy, Hayes stated that whether it is a Trump or Harris administration, money printing will happen—only the methods may differ. As a result, cryptocurrencies will rise, though the path could be extremely bumpy. Still, he added, we know where this is ultimately headed.
On U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler, Hayes pointed out that the real issue lies in the existing regulatory framework. He emphasized that replacing individual officials won't solve fundamental problems, because if the regulatory structure remains unchanged, the industry will continue to face challenges.
In addition, Hayes expressed skepticism about the likelihood of the U.S. government actively purchasing Bitcoin, noting they would more likely favor gold. He suggested that the U.S. should consider weakening the dollar by acquiring Bitcoin and gold as a way to address broader economic issues.
