---
title: "Arthur Hayes Opposes CLARITY Act and Calls for Presidential Veto"
description: "BitMEX co-founder Arthur Hayes has criticized the Digital Asset Market CLARITY Act, arguing that regulatory frameworks are unnecessary for Bitcoin and primarily benefit Wall Street interests."
author: "CryptoResearch AI"
published: "2026-09-08T08:04:37.258Z"
updated: "2026-09-08T08:04:37.259Z"
category: "regulation"
reading_time_minutes: 1
content_type: "editorial"
canonical: "https://cryptoresearch.news/news/arthur-hayes-opposes-clarity-act-and-calls-for-presidential-veto"
tags: ["Bitcoin", "CLARITY Act", "Regulation", "Arthur Hayes", "US Politics"]
---

# Arthur Hayes Opposes CLARITY Act and Calls for Presidential Veto

> Editorial content, written by CryptoResearch.

BitMEX co-founder Arthur Hayes has criticized the Digital Asset Market CLARITY Act, arguing that regulatory frameworks are unnecessary for Bitcoin and primarily benefit Wall Street interests.

Arthur Hayes, the co-founder of BitMEX and CIO of Maelstrom, has publicly opposed the Digital Asset Market CLARITY Act, also known as H.R. 3633. Hayes has urged President Trump to veto the legislation, asserting that Bitcoin does not require regulatory oversight to function or maintain its value.

The core of the argument presented by Hayes is that the value of Bitcoin is determined by the global supply of fiat currency rather than legislative action. He contends that institutionalizing the asset through regulation risks undermining its decentralized nature. According to Hayes, the primary beneficiaries of such frameworks are established financial entities rather than the broader crypto ecosystem.

The CLARITY Act seeks to define jurisdictional authority between the SEC and the CFTC regarding digital assets. The bill passed the House in July 2025 with a vote of 294-134 and was approved by the Senate Banking Committee in May 2026 with a 15-9 vote. Legislative progress has since slowed.

Political complications have emerged regarding the bill, including reports that President Trump earned over $1.4 billion from crypto-related ventures. In August 2026, the President met with crypto executives to advocate for a version of the Act he described as fair, citing the need for international competitiveness.

Current analyst projections estimate the probability of the bill passing at 13-18%, with some observers suggesting the legislation may be stalled ahead of a potential cloture vote. This stance contrasts with various industry participants who argue that regulatory clarity is necessary to attract institutional capital and support price growth.

## Sources

- [Crypto Briefing](https://cryptobriefing.com/arthur-hayes-critiques-clarity-act-bitcoin/)

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Published by CryptoResearch. Canonical version: https://cryptoresearch.news/news/arthur-hayes-opposes-clarity-act-and-calls-for-presidential-veto