The Republican National Committee has released a new party platform that promises to support crypto and oppose the creation of a central bank digital currency (CBDC).
The platform, which former president Donald Trump promoted on social media, claims Republicans will “pave the way for future economic greatness by leading the world in emerging industries.”
“Republicans will end Democrats’ unlawful and unAmerican Crypto crackdown and oppose the creation of a Central Bank Digital Currency. We will defend the right to mine Bitcoin, and ensure every American has the right to self-custody of their Digital Assets, and transact free from Government Surveillance and Control.”
In a bid to raise campaign funds and differentiate himself from President Joe Biden, Trump has staked out position as a crypto-friendly candidate this year, though he previously described digital assets as “a disaster waiting to happen.”
In May 2018, while serving in the Oval Office, he also reportedly directed then-Treasury Secretary Steven Mnuchin to “go after Bitcoin [for fraud].”
Trump’s 2024 presidential campaign has started accepting crypto donations, receiving $2 million worth of Bitcoin from Gemini crypto exchange co-founders Tyler and Cameron Winklevoss.
In May, a jury found Trump guilty on 34 felony counts related to falsifying business records ahead of the 2016 presidential election.
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