Bitcoin · CLARITY Act · US Congress · Bitcoin.com News
Arthur Hayes Calls CLARITY Act ‘Nonsense’ as Bitcoin Tops $80K
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Arthur Hayes seized on bitcoin’s move above $80,000 to dismiss the CLARITY Act and argue that higher rates give wealthy investors more money for financial assets.
Key facts
- Bitcoin climbed to $80,935 after trading near $76,400 a day earlier and traded at $81,253 at the time of writing
- Hayes projected a trading range between $60,000 and $70,000, with possible downside to $50,000, before an eventual government response to an artificial intelligence credit collapse drives bitcoin
- The Senate rejected cloture on H.R. 3633, the Digital Asset Market Clarity Act of 2025, in a 49-50 vote on Sept. 15
- Approximately $192 million in leveraged cryptocurrency positions disappeared within one hour, including more than $183 million in shorts
Summary
His broader outlook combines $50,000 downside with a $1 million target. Bitcoin investors watched the cryptocurrency reclaim $80,000 after two developments that normally signal trouble: Congress stalled landmark crypto legislation, and the Federal Reserve increased borrowing costs. “See we didn’t need some nonsense piece of crypto regulation, Clarity Act, a rate hike that puts more dollars in the hands of rich people to consume more financial assets.” Bitcoin climbed to $80,935 after trading near $76,400 a day earlier and traded at $81,253 at the time of writing.