Coin World Report:
The Republican National Committee has approved a party platform to defend the rights to mine and self-custody Bitcoin. In the 2024 Republican Platform of the Republican National Committee, the wing will incorporate cryptocurrencies into its plan to improve the US economy.
The platform states: “Republicans will lead the world in emerging industries, paving the way for future economic prosperity.” The document goes on to explain how cryptocurrencies and artificial intelligence will receive support in a government led by the Republican Party after Trump’s nomination. “Republicans will end the Democratic clampdown on illegal and non-American cryptocurrencies, opposing the creation of central bank digital currencies. We will defend the right to mine Bitcoin, ensuring every American has the right to self-custody their digital assets and engage in transactions free from government supervision and control.”
Furthermore, please read: German Government Sells $951 Million Worth of Bitcoin in a Single Day
Will Donald Trump, the Republican National Committee, prosper Bitcoin in the upcoming election?
As the 2024 presidential election approaches, the cryptocurrency world is paying attention to who will emerge victorious. Trump has dubbed himself the “Cryptocurrency President” and has promised to cater to the digital asset industry during his campaign. The latest draft of the 2024 Republican Platform of the Republican National Committee confirms this plan, elevating Bitcoin and other cryptocurrencies.
In addition, the Republican National Committee includes making Trump’s tax cuts permanent, fostering innovation in artificial intelligence development, and significantly increasing energy production as part of Trump’s plan to improve the US economy. The RNC will streamline permits and terminate restrictions on the distorted market for oil, natural gas, and coal. Additionally, the Republicans will once again “make America energy independent” and “energy dominant.”
Based on his recent support for Bitcoin and the backing he has received, it is evident that former President Trump is the most crypto-driven among the two leading candidates. If Trump is elected, Bitcoin is definitely poised for a temporary surge in value this November.