• BitMEX’s Arthur Hayes warns against the US Bitcoin reserve becoming a political tool.  
• A potential Bitcoin stockpile could undermine its decentralized nature, Hayes claims.  
• A drafted bill by Senator Lummis may secure BTC reserves against political misuse.

Arthur Hayes, co-founder of BitMEX, warns that a US Bitcoin reserve could be weaponized politically, compromising Bitcoin’s decentralized nature. His remarks have sparked debate in the crypto community.  

On his blog, Hayes argued that a Bitcoin-backed reserve—or a national stockpile of crypto assets, including Ripple—could harm the industry. He believes the government places political objectives and dollar preservation above financial returns when it stockpiles assets.

“The overarching goal of two of Trump’s most essential lieutenants, US Treasury Secretary Scott Bessent and US Secretary of State Mark Rubio, is to reform the global economic order to preserve the dollar and American hegemony.”

Hayes warns that such a move could stifle innovation and favor large centralized companies over smaller players. He noted that a Democratic win in 2028 might lead to the sale of the reserve, trigge…

The post BitMEX’s Arthur Hayes Spots Red Flags in Bitcoin Reserve Plan appeared first on Coin Edition.

• BitMEX’s Arthur Hayes warns against the US Bitcoin reserve becoming a political tool.  
• A potential Bitcoin stockpile could undermine its decentralized nature, Hayes claims.  
• A drafted bill by Senator Lummis may secure BTC reserves against political misuse.

Arthur Hayes, co-founder of BitMEX, warns that a US Bitcoin reserve could be weaponized politically, compromising Bitcoin’s decentralized nature. His remarks have sparked debate in the crypto community.  

On his blog, Hayes argued that a Bitcoin-backed reserve—or a national stockpile of crypto assets, including Ripple—could harm the industry. He believes the government places political objectives and dollar preservation above financial returns when it stockpiles assets.

“The overarching goal of two of Trump’s most essential lieutenants, US Treasury Secretary Scott Bessent and US Secretary of State Mark Rubio, is to reform the global economic order to preserve the dollar and American hegemony.”

Hayes warns that such a move could stifle innovation and favor large centralized companies over smaller players. He noted that a Democratic win in 2028 might lead to the sale of the reserve, trigge…

The post BitMEX’s Arthur Hayes Spots Red Flags in Bitcoin Reserve Plan appeared first on Coin Edition.