Trump’s Official Republican Platform Pledges to Halt Crypto ‘Crackdown’

Former
President
Donald
Trump’s
Republican
Party
has
officially

adopted
a
platform
that
would
seek
to
support
cryptocurrency
innovation,
according
to
the
document
released
Monday
by
the
Republican
National
Committee.

The
platform
is
meant
to
lay
out
the
party’s
priorities
as
presumptive
presidential
nominee

Trump
and
Republican
congressional
candidates
head
into
the
November
election,
and
it
reflects
Trump
and
other
GOP
politicians’
rising
interest
in
digital
assets.

“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
of
their
Digital
Assets,
and
transact
free
from
Government
Surveillance
and
Control.”

In
recent
months,
Trump
flipped
his
earlier
suspicion
of
cryptocurrency
into

staunch
support.
He’s
also
had
some
personal
experience
with
digital
assets,
having
launched
several
of
his
own
sets
of
branded
non-fungible
tokens
(NFTs).

Trump’s
campaign
and
an
affiliated
political
action
committee
also
accept
crypto
donations.

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More:



Crypto
Unmentioned
at
First
2024
U.S.
Presidential
Debate

The
announcement
of
the
committee’s
new
platform
listed
20
of
its
top
policy
“promises”
without
including
the
crypto
item,
but
digital
assets
made
an
appearance
in
the
economy
section
under
innovation
initiatives.

Opposition
to
central
bank
digital
currencies
(CBDCs)
has
been
a
popular
talking
point
for
Trump
and
other
Republicans
on
the
2024
campaign
trail.
As
other
jurisdictions
–
including
China
and
Europe
–
have
pursued
the
idea
of
government-backed
digital
tokens,
the
U.S.
hasn’t
moved
beyond
the
research
phase.

Republicans
have
accused
Democrats
of
pushing
for
CBDCs
that
will
allow
greater
financial
surveillance
of
U.S.
citizens.
However,
Federal
Reserve
Chair
Jerome
Powell
and
other
government
officials
have
insisted
that
such
a
theoretical
digital
dollar
would
be
managed
by
the
banking
system,
not
the
government.
And
Fed
officials
have
said
it
won’t
be
adopted
without
approval
from
Congress
and
the
White
House.

Read
More:


Crypto
Giants
Notch
Wins
in
Expensive
Quest
to
Sway
U.S.
Politics
–
Without
Mentioning
Crypto