Arthur Hayes recently stated in a video interview on the Altcoin Daily podcast that Trump should exercise his presidential veto power over the CLARITY Act. Hayes pointed out that the CLARITY Act is not beneficial for true native innovation in the industry. It is just a tool for American VC and compliance giants to spend huge amounts of money lobbying and attempting to use the law to build a compliance moat to exclude competition. Bitcoin has never relied on so-called regulatory laws since its birth in 2009 and will not need them in the future. He emphasized that the core variables determining the bull market in the cryptocurrency market will always be fiat liquidity and Federal Reserve printing, rather than legislative provisions, and pointed out the dual standard attitude of the US government: the Treasury Department and the Department of Defense have invested billions of dollars in equity investments in AI, chips, and key minerals, but have only paid lip service to the cryptocurrency industry without providing substantial capital support. In terms of market trends, Hayes believes that as the US Treasury crisis intensifies and liquidity is released, it is only a matter of time before Bitcoin breaks through historical highs. He expects BTC to reach $126000 by the end of the year, and if it falls to $35000 due to extreme black swan events such as Strategy's liquidation, it will create a bottom fishing opportunity similar to March 2020; And once the Federal Reserve releases liquidity through tools such as FIMA Repo, pushing BTC to break through $120000, it will quickly rush towards $500000 driven by low allocation position replenishment and catch-up momentum. He is also extremely optimistic about Ethereum, believing that it has stagnated in the previous cycle, has not yet broken through the 2021 high, and has the largest developer ecosystem and the strongest Lindy effect (the longer a thing exists, the longer people expect it to continue to exist in the future). Assuming that Bitcoin reaches $200000, the target range for ETH can be seen as $20000 to $30000. https://(wublock123.com)/news/arthur-hayes-trump-should-veto-the-clarity-act-btc-could-reach-126000-by-the-end-of-the-year-67093