Republican National Committee Approves Motion To Defend Bitcoin

Jaxon Gaines
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The Republican National Committee has approved a draft of its party platform to defend the right to mine and self-custody Bitcoin. In the RNC’s 2024 GOP platform, the wing includes cryptocurrency in its plan to improve the United States economy.

“Republicans will pave the way for future Economic Greatness by leading the World in Emerging Industries,” the platform reads. The document goes on to explain how crypto and Artificial Intelligence will receive support in a Republican-led government post-Trump nomination. “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.”

Also Read: German Government Sells $951M Worth of Bitcoin in a Single Day

Donald Trump, Republican National Committee To Boom Bitcoin This Upcoming Election?

With the 2024 presidential election looming, the world of cryptocurrency has its eyes on who will win. Trump has christened himself the “crypto president,” and has made promises during his campaign to please the digital asset industry. The latest draft of the 2024 Republican National Committee GOP platform confirms this plan, lifting Bitcoin and other crypto.

Furthermore, in Trump’s plan to improve the US Economy, the RNC also includes making Trump tax cuts permanent, innovating AI development, and increasing energy production across the board. The RNC will streamline permitting, and end market-distorting restrictions on Oil, Natural Gas, and Coal. Additionally, the Republican Party will once again “make America Energy Independent,” and “energy dominant.”

Based on the support he’s given for Bitcoin and gained of late, it is clear that of the two leading candidates, former President Trump is the most crypto-driven. If Trump is elected, it is certainly possible that Bitcoin will experience a temporary boost in value this November.