Bitcoin Operates Outside the Regulatory System: Arthur Hayes Take on Crypto and Clarity Act

Arthur Hayes told Consensus 2026 that the Clarity Act fundamentally misunderstands what Bitcoin is, and any attempt to fold it into a federal regulatory framework destroys the only thing that makes it valuable. The argument landed while BTC traded above $82,000, with institutional ETF inflows accelerating, suggesting the market and the ideology are currently pointing in opposite directions. Bitcoin (BTC)24h7d30d1yAll…