Arthur Hayes: DeFi Needing Regulatory Approval Signals Decentralization Has FailedOn June 23, 2026, BitMEX Co-founder Arthur Hayes @CryptoHayes stated in an interview with the New Era Finance podcast that if the development of DeFi needs a US regulator to pass an act like the Clarity Act, the mission of building decentralized systems has failed. Addressing the narrative of institutional capital entering the space, Hayes stated that traders and Wall Street institutions do not care about regulatio

Up to 95% of DeFi liquidity does nothing.Idle, fragmented across seven million pools, earning nothing.This is the real gap in DeFi, and unified intent-based settlement is the way to close it.