Republican National Committee (RNC) committee members on Monday approved a draft 2024 party platform that supports Bitcoin and promises to end the Democratic Party’s “un-American oppression.”
Article 5 of the Republican National Committee’s Platform, “Advancing Innovation,” states: state“Republicans are DemocratsLegal and Un-American Cipher Oppose the crackdown and the creation of a central bank Digital CurrencyWe protect the right to mine Bitcoin and ensure that every American has the right to self-custody of their own Bitcoin. You can own digital assets and trade them free from government oversight or control.”
Latest Update: 🇺🇸 Republican National Committee passes draft party platform, vows to “protect mineral rights” #Bitcoin“And protect your custody.” pic.twitter.com/CnH8nMOuUO
— Bitcoin Magazine (@BitcoinMagazine) July 8, 2024
The platform committee approved the draft, with a final vote expected on Tuesday.
“My job as chair is to lead the Platform Committee meeting, and I am incredibly proud that our delegates passed Donald J. Trump’s platform,” Sen. Marsha Blackburn (R-Tenn.), the platform committee chair, said in a written statement Monday.
The platform policy represents the latest move by former President Donald Trump, and by extension the Republican Party, to embrace the burgeoning cryptocurrency industry.
At a Silicon Valley fundraiser in early June, President Trump said he would be a “cryptocurrency president.” In contrast, the Biden administration has taken a tough stance against the cryptocurrency industry.
Cryptocurrency exchange Gemini founders Cameron and Tyler Winklevoss announced in late June that they had donated $2 million worth of Bitcoin to former President Donald Trump’s re-election campaign, citing the Biden administration’s “war on crypto.”
Jesse Powell, co-founder of digital currency exchange Kraken, Donated $1 million to Trump.
Coindesk reported:
Trump emerged as a pro-cryptocurrency candidate during the election campaign. Last month, he accept Donations in cryptocurrency. He donated all his Bitcoin to Had made The United States: CryptographyBut he still suggest There was no policy on cryptocurrencies. Occur During yesterday’s first presidential debate with President Joe Biden, the crypto community Best Effort.
“I am excited to join other leaders in our community in supporting the only pro-crypto major party candidate in the 2024 presidential election,” Powell wrote on X.
Sean Moran is a policy reporter for Breitbart News. Follow him on Twitter. Sean Moran 3.
