Republican National Committee pledges to ‘defend the right to mine Bitcoin’

The
Republican
National
Committee
(RNC)
just
adopted
a
platform
that
plans
to
boost
crypto
mining
and
oppose
the
creation
of
a
CBDC.

The
Republican
National
Committee,
led
by
Michael
Whatley
and

Donald
Trump’s
daughter
in
law
Lara
Trump
has
officially
adopted
their
election
platform
that
includes
a
section
on
crypto
innovation.
The
platform
was
made
released
Monday
as
the
party
gears
up
for
the
November
election. 

“Republicans
will
end
Democrats’
unlawful
and
un-American
Crypto
crackdown
and
oppose
the
creation
of
a
Central
Bank
Digital
Currency
(CBDC),”
the
document
states.
“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.”

This
platform
reflects
the
increasing
interest
in
digital
assets
among
Trump
and
other
GOP
politicians.

Digital
assets
were
prominently
featured
in
the
platform’s
‘economy
section’
as
part
of
the
innovation
initiatives.
The
platform
committee
overwhelmingly
approved
the
new
draft,
which
is
scheduled
for
a
final
vote
on
Tuesday.

Trump
and
crypto

This
shift
marks
a
significant
change
for
Trump,
who
previously
expressed
skepticism
towards
cryptocurrency
but
has
become
a
vocal
advocate
in
recent
weeks.
On
June
10,
Donald
Trump

announced
that
he
wanted
all
remaining
bitcoin
(BTC)
mined
in
the
United
States,
hoping
the
country
could
dominate
the
energy
sector.

Trump
has
also
personally
engaged
with
digital
assets,
launching
several
sets
of

branded
non-fungible
tokens
and
accepting

crypto
donations
for
his
campaign
and
affiliated
political
action
committee.

CBDCs

Opposition
to

CBDCs
has
been
a
recurring
theme
for
Trump
and
other
Republicans
during
the
2024
campaign.
The
U.S.
remains
in
the
research
phase
like
other
regions,
including
China
and
Europe,
as
they
explore
government-backed
digital
tokens. 

Republicans
argue
that
Democrats’
push
for

CBDCs
could
lead
to
increased
financial
surveillance
of
citizens.

As
we
look
ahead
to
the
2024
election,
the
Republican
Party’s
strong
support
for
Bitcoin
and
crypto
innovation
is
becoming
increasingly
evident.
This
demonstrates
a
clear
trend
of
backing
digital
assets
within
the
RNC,
setting
the
stage
for
the
party
to
be
seen
as
a
leader
in
crypto
innovation. 

This
contrasts
the
more
reserved
approach
taken
by
the
Biden
Administration.