The U.S. government’s recent announcement of a Crypto Strategic Reserve has sparked controversy across the crypto community, with BitMEX co-founder Arthur Hayes emerging as one of its most vocal critics. Hayes dismissed the initiative as “just words,” casting doubt on both its funding and its practical execution. His comments add to growing skepticism about the government’s sudden embrace of digital assets.

Hayes' skepticism reflects a broader concern within the crypto community regarding the U.S. government's Crypto Strategic Reserve. The debate underscores the challenges of integrating digital assets into traditional financial frameworks.