According to BlockBeats, on July 14, according to Decrypt, BitMEX co-founder Arthur Hayes said that cryptocurrency voters may determine the fate of the US election in November this year. He doubted Donald Trump’s sincerity in his cryptocurrency commitments. The most important thing is that crypto legislation must be passed before the election. He urged investors not to have confidence in Trump’s presidency.

Grayscale said in an April study that "nearly half" of voters "distrust political candidates who would interfere with crypto," while 30% of voters "are more likely to support crypto-friendly political candidates." And in another Grayscale survey in May, Republican cryptocurrency ownership (18%) was roughly equal to Democratic ownership (19%), and the same proportion of respondents (30%) believed that both parties would be good for crypto. Since these surveys were conducted, Donald Trump and the Republican Party have been doing their best to position themselves as the party that supports cryptocurrency. House and Senate Republicans jointly promoted multiple pro-cryptocurrency legislation in May. Last month Trump said he wanted "all remaining Bitcoin to be mined in the United States," and the Republican Party has made the right to freely mine and trade cryptocurrencies part of its 2024 election platform.

Both election polls and cryptocurrency odds show that Trump is likely to win the presidency in November, but Arthur Hayes said that cryptocurrency holders are wrong to think that Trump will bring peace to the U.S. cryptocurrency industry. "They mistakenly believe that Trump is sincere and that if they donate enough money, the "kill crypto operation" will disappear. This is nonsense." Hayes added that if Trump is re-elected, any talk about cryptocurrency today will become a "distant memory." Instead, Arthur Hayes believes that the best work in supporting cryptocurrency can be done before the election, only at this time both parties are eager to get the votes of Bitcoin holders, and passing a short bill supported by both parties before the election is more feasible than pinning hopes on Trump's term.