Republican Party champions crypto in 2024 party platform
Quick Take
- The GOP made several references to key crypto issues in its official party platform, released on Monday, ahead of the 2024 U.S. general election.
The U.S. Republican party has expressed support for crypto companies and holders in its platform for the 2024 U.S. elections, marking the GOP's latest effort to reach crypto-focused voters.
The “Make America Great Again” Republican Party Platform vows to end an “unlawful and un-American crackdown” on the U.S. crypto industry, according to the GOP document released on Monday by presumptive Republican presidential nominee Donald Trump's campaign. The platform also includes promises to “defend the right to mine bitcoin” and allow crypto holders to self custody their tokens, in addition to opposing the creation of Central Bank Digital Currency (CBDCs).
“We will defend the right to… transact free from Government Surveillance and Control,” the document reads.
The GOP's inclusion of several key crypto issues in its platform follows a series of overtures to pro-crypto voters by the Trump campaign ahead of what is already proving to be a contentious presidential election.
In May, Trump vowed to free Silk Road creator Ross Albright and expressed support for the self custody of digital assets at a political convention in Washington D.C., speaking to a racuous crowd of Libretarians that included some pro-crypto voters. A few weeks later, Trump reportedly met with several bitcoin miners to discuss crypto mining and policy at his famed Mar-a-Lago haunts in Palm Beach, Florida.
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