Crypto Advocate Urges Push for Regulations Ahead of 2024 Election

Arthur Hayes, a prominent figure in the cryptocurrency space, is cautioning that the focus on crypto-friendly policies may wane once the 2024 election concludes.

In his latest commentary, Hayes argues that for pro-crypto voters to secure regulatory clarity, they must advocate for it before the election with the current administration in place.

Hayes emphasizes that crypto assets should be protected under free speech laws. He asserts that blockchain-based currencies and tokens are forms of protected speech and any regulations that limit the holding or transfer of these assets would be unjustified.

He also warns that if clarity on crypto regulation is not achieved before the election, the industry’s advocates may find themselves without influence post-election.

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Hayes points out that politicians, including potential candidates like Biden and Trump, may not prioritize crypto policy once their re-election bids are no longer imminent.

Moreover, he suggests that international conflicts could overshadow domestic crypto concerns, further diminishing the focus on cryptocurrency regulation.

Alexander Stefanov