The Republican Party in the United States has released a party platform draft: Trump vows to end the "illegal crackdown" on the encryption industry and defend BTC Mining.

Author: Chloe, PANews

On Monday, July 8, the Republican National Committee released the official party platform for the 2024 US presidential election, expressing support for policies that are favorable to Cryptocurrency in the long term. The document’s title, “Make America Great Again,” is vastly different from the lengthy article sections of past party platforms, and this update simplifies the text into 10 easy-to-understand chapters for voters.

The Republican Party platform vows to end ‘illegal and un-American attacks’ on the American encryption industry. In addition to opposing the creation of a US Central Bank Digital Money (CBDC), the platform also promises to defend the rights of BTC mining and ‘allow cryptocurrency holders to self-custody their tokens.’ The document states, ‘We will defend the people’s right to transact without government supervision and control.’

Updated Party Program after an eight-year hiatus, ending the Democratic Party’s “illegal and un-American” suppression

The Republican National Convention will be held in Milwaukee, Wisconsin, USA from July 15th to 18th. In addition to officially confirming Trump as the candidate for the 2024 presidential election, this convention will also pass and announce a new party platform, attracting global attention.

Since 2016, the Republican Party has been using the old party platform, so the update of the new party platform this year has been the focus of attention from the outside world. It can be said that the new party platform is regarded as the “Trump version” of the blueprint for America’s future policies, and with Trump’s nationwide poll numbers significantly leading after the debate, its content has been widely followed by all sectors, and has a profound impact on the political direction of the Republican Party.

In 2024, the party manifesto, under the name of ‘Make America Great Again’, also specifically mentions in the text that it is dedicated to the ‘forgotten men and women of America’, and uses a list to outline the entire manifesto, including ‘combatting inflation’, ‘border blockade to stop the immigration wave’, ‘building the strongest economy in history’, ‘realizing the American Dream’, ‘protecting American workers and farmers’, etc., making it easy for the general voters to understand the 10 major chapters.

In the third chapter, in establishing the strongest economy in history, the Republican Party’s economic policy is based on five pillars: reducing regulations, perpetuating the Trump-era tax cuts and eliminating the tip tax, promoting fair and reciprocal trade protocols, ensuring reliable and abundant low-cost energy, and advocating innovation as the main economic policies. In addition, in the innovation field, the Republican Party particularly emphasizes three areas: Cryptocurrency, AI, and space exploration.

Regarding Cryptocurrency, the Republican Party stated that they will end the Democratic Party’s “illegal and un-American” suppression, oppose the creation of the American Central Bank Digital Money (CBDC), defend the right to BTC Mining, ensure that the public has the right to self-custody their encryption assets, and be free from government surveillance and control for Cryptocurrency transactions. In addition, regarding AI, the Republican Party stated that they will abolish the dangerous policy of current President Biden that hinders AI innovation, and instead support the development of AI technology based on freedom of speech and human prosperity.

Opposition to Central BankDigital Money (CBDC) has been one of the propositions of Trump and the Republican Party in this year’s 2024 election, and they are concerned that the US CBDC may be used to control the American people. Republican Minnesota Congressman Tom Emmer previously proposed the “CBDC Anti-Surveillance Nation Act” with the main purpose of preventing the US Central Bank from continuing to develop the “digital dollar”, and Tom Emmer proposed this bill out of concern that financial transactions would be widely regulated by government agencies.

“He said, ‘CBDC is a currency completely controlled by the government, which may even give the federal government the opportunity to investigate the transaction information of the American people.’”

2024 is a major election year globally, with support for Cryptocurrency becoming a key factor in winning elections

2024 is a major election year globally, with nearly half of the world’s population participating in elections in 64 countries. In this year’s elections, Cryptocurrency, especially BTC, is becoming a key issue. Currently, candidates who support Cryptocurrency have a higher election rate. For example, in Latin America, candidates who support BTC have won overwhelmingly in the elections in El Salvador and Argentina.

While in the United States, although both the Democratic and Republican parties have voices of support and opposition, overall the Republican Party seems to be more inclined to support cryptocurrency, while the Democratic Party is relatively cautious.

However, CCN also pointed out that although Trump recently positioned himself as a supporter of Cryptocurrency at a fundraising event in San Francisco, he has not yet outlined in detail the specific policies regarding Cryptocurrency that he would implement if elected, except for claiming to release Ulbricht from prison. However, it is undeniable that this year’s elections will set the tone for how digital assets will be regulated in the coming years, and many candidates now recognize its increasing influence and importance.