Arthur Hayes says Trump’s family embraced crypto after debanking, lawsuits, and frozen assets exposed risks in traditional banking.
Arthur Hayes said Donald Trump’s family moved closer to crypto after pressure from the traditional banking system.
The BitMEX founder linked the shift to lawsuits, frozen assets, and claims of debanking.
Hayes Links Trump Family Crypto Shift to Debanking
BitMEX founder Arthur Hayes said the Trump family embraced crypto after facing pressure from banks. He said the family learned why assets outside state control can matter.
Hayes made the comments while discussing Donald Trump’s pro-crypto message during the 2024 campaign. He said the shift came after the family faced legal cases and asset pressure.
Arthur Hayes: Trump Family Turned to Crypto After Being Debanked
BitMEX founder Arthur Hayes @CryptoHayes explains that Donald Trump and his campaign shifted to pro-crypto rhetoric in 2024 because his family was antagonized and debanked by the traditional banking system.… pic.twitter.com/TOfOmSlxSn
— Wu Blockchain (@WuBlockchain) May 9, 2026
According to Hayes, the traditional banking system became a source of risk for the Trump family. He said that experience changed how they viewed crypto and Bitcoin.
Hayes said Trump’s family was “antagonized and debanked” by the banking system. He argued that such events can make people value assets held outside banks.
Bitcoin Seen as Outside State Control
Hayes said Bitcoin’s core value comes from being outside the regular financial system. He said it should not depend on approval from regulators.
He argued that Bitcoin becomes less useful when it sits fully inside the regulatory system. In his view, Bitcoin then starts to look like any other financial asset.
Hayes said Bitcoin matters because users can hold it without relying on banks. He also said this feature becomes clear when people lose access to bank services.
His comments came as crypto remained a key issue in United States politics. Trump’s 2024 campaign used stronger pro-crypto language than in earlier years.
Trump also received support from many crypto voters and industry leaders. They argued that the sector needed clearer rules and less pressure from agencies.
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Hayes also said Bitcoin price does not depend much on regulation. He said the asset responds more to money printing and liquidity.
In his view, Bitcoin rises when more money enters the financial system. He said rules can affect companies, but Bitcoin trades on wider money trends.
Hayes has often linked Bitcoin cycles to central bank policy. He has argued that loose money can support risk assets, including Bitcoin.
He said regulations may shape access, exchanges, and custody services. But he added that Bitcoin itself does not need permission to operate.
The comments add to debate over crypto’s role in politics and finance. They also show how debanking claims remain central to some crypto arguments.
The Trump campaign’s pro-crypto turn became a major topic in 2024. Hayes said the family’s own banking experience helped explain that move.
His view places Bitcoin as a response to control by banks and states. It also frames crypto as a financial tool during political and legal pressure.
Hayes did not present the Trump family’s shift as only campaign strategy. He said personal experience with banks helped shape their stance.
The remarks come as Bitcoin stays tied to debates over regulation, inflation, and financial access. Hayes said its main driver remains money supply, not policy statements.