While innovation in digital assets is not highlighted as the primary focus, the Republican National Committee has adopted a platform that emphasizes its enhancement.
- The Republican National Committee’s policy platform includes support of cryptocurrencies in their agenda.
- Trump sees Bitcoin as a form of defense against Central Bank Digital Currency (CBDC).
“Republicans will end Democrats’ unlawful and unAmerican Crypto crackdown and oppose the creation of a Central Bank Digital Currency,” according to the document. “We will defend the right to mine Bitcoin, and ensure every American has the right to self-custody their Digital Assets, and transact free from Government Surveillance and Control.”
The Republican Party under former President Donald Trump has formally embraced a platform supporting cryptocurrency innovation. This was outlined in a document released by the Republican National Committee on Monday.
As Trump, the presidential candidate; and the other Republican congressional contenders gear up for the upcoming election, the platform sets out the party’s agenda, and it showcases the increasing engagement of Trump and other GOP members in the world of digital assets.
The committee’s latest platform announcement mentioned 20 key policy “promises”, omitting crypto. However, digital assets were mentioned in the economy section within innovation initiatives.
Trump and other Republicans on the 2024 campaign trail, have made opposition to central bank digital currencies (CBDCs) the main point as other Nations adopt the idea of government-backed digital tokens.
Although, Trump, in 2019, said he was “not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity.”
However, earlier this year, the former president said he would not allow the creation of a central bank digital currency if elected, calling it a “dangerous threat to freedom.
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