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Live News CRYPTO ARTICLE M impact

Arthur Hayes dismisses CLARITY Act as Bitcoin tops $81K

Bitcoin traded above $81,000, while Flop Labs CEO Arthur Hayes said crypto needed the Federal Reserve’s rate hike rather than the Digital Asset Market Clarity Act.

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As Bitcoin (BTC) traded above $81,000 on Saturday, Flop Labs CEO Arthur Hayes called the Digital Asset Market Clarity Act, or CLARITY Act, "nonsense" and said crypto needed a Federal Reserve rate hike, not the bill.