Arthur Hayes says Clarity Act could hinder crypto innovation

BitMEX co-founder Arthur Hayes said the Clarity Act could constrain innovation in the U.S. crypto industry and block the launch of products aligned with actual market demand. In a post on X, Hayes said Bitcoin has never needed the Clarity Act since its emergence in 2009 and will not need it going forward, adding that industry development and new product creation should not depend on the passage of regulatory legislation.