According to TechFlow, on July 28, BitMEX co-founder Arthur Hayes posted on the X platform, "Don't be stupid, let these vampires do something positive for encryption before considering giving them money." He attached a letter from Democratic Party officials and congressmen to Jaime Harrison, chairman of the Democratic National Committee, and future Democratic presidential candidates.

The letter mentioned the important potential of digital assets and blockchain technology for innovation, economic growth and financial inclusion in the United States. Although some Democratic leaders have recently supported pro-digital asset legislation, the public still believes that the Democratic Party has a negative attitude towards digital assets, mainly due to the current attitude of the SEC. Therefore, recalibrating the Democratic Party’s position can effectively change this perception.

The letter pointed out the importance of cryptocurrency and blockchain technology in elections, especially in key swing states, where more than 20% of voters regard it as a major issue in the 2024 election. This means that if this trend is captured correctly, it will have a huge impact on vote acquisition. In addition, digital assets and blockchain technology can significantly increase transparency, reduce fraud, and create a more inclusive financial system compared to the current financial system that is biased toward the elite.