The Democratic Party also seems to be shifting its policy towards cryptocurrencies, proposing official purchases of Bitcoin, while Trump has only promised to maintain the U.S. government's current Bitcoin holdings.
Shortly after Trump's speech, Republican Senator Cynthia Loomis of Wyoming, who attended the Bitcoin 2024 conference in Nashville, said she planned to draft a bill requiring the government to establish a national reserve of up to 1 million bitcoins within five years and hold them for 20 years. On Friday local time, independent presidential candidate Robert Kennedy Jr. promised in his speech that if he was elected president, he would start a reserve plan of 4 million bitcoins.
Although US Vice President and Democratic presidential candidate Harris declined the invitation to the Bitcoin 2024 conference, it is expected that Harris will clarify her position on cryptocurrencies in the coming weeks. According to media reports, on Saturday morning local time, more than 20 Democratic lawmakers, including Harris, signed a statement calling on the Democratic National Committee to abandon its policy against Bitcoin with Senator Elizabeth Warren.
