HomeCryptoCrypto Included in Official Party Platform of US Republicans under Trump

Crypto Included in Official Party Platform of US Republicans under Trump

-


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.

LATEST POSTS

Embracing a Thriving Digital Economy in Morgan Hill

Embracing Blockchain and Crypto: A Path to Prosperity for Morgan Hill and South Silicon Valley Morgan Hill Embraces Blockchain and Crypto to Thrive in the...

Binance CEO Richard Teng Sheds Light on Billion Users Roadmap

Binance CEO Richard Teng Reveals Plans to Reach Billions of Users as Binance Hits 200 Million User Milestone Binance CEO Richard Teng Sets Sights on...

Is Ethereum (ETH) on Track to Reach $4K or Drop to $3.4K This Week?

Analysis of Ethereum Price Movement and Market Sentiments Title: Ethereum Price Faces Bearish Sentiment Amid Crypto Market Volatility The cryptocurrency market leader, Bitcoin, failed to maintain...

Bakkt Reportedly Exploring Sale of Cryptocurrency Platform

Bakkt Considers Putting Itself Up for Sale amid Industry Turmoil Digital asset marketplace Bakkt is reportedly considering putting itself up for sale, according to a...

Most Popular