Arthur Hayes Slams US Bitcoin Reserve Plans and Crypto Regulation Efforts

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BitMEX co-founder Arthur Hayes has dismissed the idea of a U.S. Bitcoin reserve, calling it a politically driven and impractical concept. In his February 5 essay called “The Genie,” Hayes argued that government stockpiling of the cryptocurrency would serve political interests rather than financial stability. Bitcoin Reserve Would Be a Political Tool “What can be bought can be sold,” he wrote , warning that politicians acquire assets for short-term gains. While some see Bitcoin as the “hardest” f...