Arthur Hayes

At the same time, I'm pretty sympathetic to the story of like, hey, we have politicians like, you know, we just published a report that shows Ro Khanna.

He's outperformed the S&P by one hundred twelve percent since January of twenty twenty four.

So like Nancy Pelosi, she is like in the rearview mirror.

She's not even the best trader in Congress right now.

Right.

Ro Khanna is crushing.

And so you look at that and you say, you know, odds that somebody is outperforming hedge funds to that degree, probably pretty low without sitting on committees, getting information, et cetera.

But maybe to your point, it seems like the United States government is not illegal.

Like the U.S.

government has dictated so far that they are OK doing that.

And so we do get in this weird world of like, where should the rules be drawn?

What about like assassination markets and, you know, things that can be manipulated, you know, mentioned markets or those types of things that are less about like economic data or world events.

And they're much more, you know, frankly, like just like flimsy markets that people are like bullshit and speculating in.

Talk about Trump and his promise for Bitcoin, crypto, stable coins, tokenization, all this stuff.

He kind of came in.

I think he was the first Bitcoin president versus crypto president.

I think a lot of people in the industry, myself, many others were like, hey, it's going to be awesome to have like a Bitcoin sympathizer in the White House.

There's going to be the strategic Bitcoin reserve.

There's going to be all this regulation.

Yeah.