The Republican National Committee (RNC) of the United States passed and announced the draft 2024 party platform yesterday (8), which mentioned and reiterated 2024 presidential candidate Trump’s stance on cryptocurrency, saying that he would fully oppose central bank digital currency (CBDC) , and protect people’s mining and digital asset ownership rights.
After eight years, the Republican Party released a new version of its 2024 party platform
The RNC pointed out in an announcement released on Monday that the Republican Party led by Trump has updated a new version of the party platform for the first time in eight years. The website lists 20 primary policy commitments, which mainly include closing the border, strengthening the military, substantial tax cuts and containment. Inflation and other contents also reiterated Trump’s proposition of “making America great again.”
The currency section only states "maintaining the U.S. dollar's status as the world's reserve currency" and does not mention cryptocurrencies.
However, in a more detailed press release released on the Trump campaign website, it can be found that digital assets appear in economic innovation initiatives; here, the party platform is also regarded as the "Trump version" of the future policy of the United States. direction.
(Bernstein: Election sentiment shifts to the Republican Party, cryptocurrency will become a “Trump trade”)
Oppose CBDC and support people’s digital asset ownership
First of all, the new version of the party platform is based on economic innovation. It can almost be said to be a complete copy of Trump’s friendly stance on cryptocurrency, emphasizing that it will protect the American people’s right to own digital assets:
2024 Republican Party Platform Draft P.9
Republicans will end Democrats’ “illegal and un-American crackdown” on cryptocurrencies, oppose the issuance of a CBDC, and defend people’s rights to mine Bitcoin.
And added, "We will ensure that Americans have the right to self-custody their digital assets and conduct transactions without government surveillance and control."
Repeal Biden’s AI executive order and let AI develop freely
In addition, in the face of the rapidly developing artificial intelligence (AI) technology, Trump has also stated that he will repeal the AI executive order issued by President Biden last year, saying that the bill is dangerous and restricts AI innovation:
2024 Republican Party Platform Draft P.9
The executive order imposes the ideas of the radical left on the development of the technology, and Republicans will support free speech and the flourishing of AI.
It is reported that Biden’s AI executive order aims to reduce the risks posed by this technology to people and national security, and mainly establishes basic regulations on personal information security and privacy protection.
Trump can flip out faster than he can flip through a book
During his tenure as President of the United States and before announcing his re-election, Trump said that Bitcoin was like "a scam" and that cryptocurrencies could be a "disaster waiting to happen."
However, by 2024, his stance seemed to have changed, moving away from issuing his own NFTs and campaigning, to accepting cryptocurrency donations, and actively meeting with people in the crypto industry.
As a competitor, Democratic presidential candidate Biden was criticized for his poor performance in previous debates with Trump, and was even rumored to be replaced. Biden also admitted that he needed to prove his ability to govern in order to maintain his qualifications for the election. However, facing pressure from all walks of life, he emphasized that he would not voluntarily withdraw from the race.
(Calls for Biden to withdraw from the election are spreading, and the meme currency of Trump has plummeted 20%. Will He Jinli be the successor?)
This article The US Republican Party’s 2024 Party Platform Proposes Cryptocurrency: Opposing CBDC and Defending People’s Digital Asset Ownership first appeared on Chain News ABMedia.
