Republican National Committee (RNC) Drafts Policy Platform Advocating for Cryptocurrencies and Bitcoin Mining
The Republican National Committee (RNC) in the United States has made a surprising move by including advocacy for cryptocurrencies and Bitcoin mining in their draft policy platform. This shift in the official party’s stance on crypto comes as a way to “champion innovation” in the U.S. economy, according to a recent update on Republican frontrunner Donald Trump’s campaign website.
The platform specifically criticizes Democrats for their crackdown on crypto and vows to oppose the creation of a Central Bank Digital Currency (CBDC). The RNC draft also promises to defend the right to mine Bitcoin and ensure that every American has the right to self-custody of their digital assets, free from government surveillance and control.
The timing of this change is significant, as it comes just before the RNC’s national convention, where many expect Trump to receive the official nomination for U.S. president. Trump, who had previously expressed skepticism towards Bitcoin and cryptocurrencies, has now shifted his campaign to accepting crypto contributions and advocating for more Bitcoin mining in the country.
The influence behind this change in the party’s platform is unclear, but Trump’s daughter-in-law Lara, who co-chairs the RNC, may have played a role. The RNC did not respond to requests for comment on the matter.
Meanwhile, U.S. President Joe Biden, who is expected to be the Democratic nominee for the upcoming election, faced criticism for his performance in a recent debate with Trump. Some have called for Biden to step aside for another Democratic candidate, but as of now, he remains committed to running for reelection.
With the Democratic National Committee set to decide on an official nominee before August, the stage is set for a contentious election season leading up to U.S. Election Day on November 5. The inclusion of cryptocurrencies in the political discourse adds a new dimension to the race, as both parties vie for support from the growing crypto community.
