BitMEX co-founder Arthur Hayes said in a post on X that the U.S. Clarity Act is not helpful to genuine innovation in the American crypto sector or to building products that match market demand. He argued that Bitcoin has never needed such legislation since its launch in 2009 and will not need it in the future. Hayes also said regulatory legislation should not be treated as a prerequisite that limits industry development or product creation. The remarks were reported by Odaily in a brief news update.
BitMEX co-founder Arthur Hayes said in a post on X that the U.S. Clarity Act would be detrimental to genuine innovation in the American crypto industry and to the development of products that meet market demand.
Hayes added that Bitcoin has never needed the act since its creation in 2009 and will not need it in the future. In his view, regulatory legislation should not become a prerequisite that restricts industry growth and product innovation.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
