Arthur Hayes, founder of BitMEX, stated that the next U.S. presidential administration will be irrelevant for the crypto industry. Speaking at the Token 2049 event, he argued that neither Republican nor Democratic leaders have been supportive of crypto, and Bitcoin has thrived without regulatory backing. Hayes emphasized that instead of relying on politicians, the industry should focus on building decentralized technologies, as crypto's growth to a $1-2 trillion market cap happened without government aid.