Republican Party Makes a Promise to Defend Bitcoin

• The Republican National Committee's new policy platform has published a document to protect and promote crypto assets
• Defending the rights to mine Bitcoin, self-custody Digital Assets, transact free from Government Surveillance and Control
• Counteraction in creating the Central Bank Digital Currency

Donald Trump and the Republican Party are again reaching out to crypto investors and enthusiasts, promoting Bitcoin and making increasingly promising statements. In particular, the latest statement perhaps sums up all the pain points to make their election campaign as attractive as possible.

“Republicans will end Democrats’ offensive and unAmerican Crypto crackdown and oppose the creation of a Central Bank Digital Currency,”

Moving on from the purely political part and speaking more specifically about crypto, they outlined the following:

"We will defend the right to mine Bitcoin and ensure every American has the right to self-custody their Digital Assets and transact free from Government Surveillance and Control.”

What Does This Mean?

The main question is whether this will be accompanied by appropriate action if Donald Trump wins the presidential election. Or is it simply an attempt to win over another group of voters by telling them what they want to hear?

Since the recent debates have left each side's core voters with mixed feelings for one reason or another, each side will likely try to compensate by offering additional initiatives aimed at narrower constituencies.

On the other hand, initiatives regarding a proactive position on Bitcoin and its potential in the global economy should remain an ace in the hole after the president takes office when there is a real opportunity to turn these initiatives into reality. But instead, such loud speech about it gives a temporary advantage to other world powers while the fate of the United States is still being decided.

In any case, there is very little time left until we see the winner and will be able to compare the words and actions of one or another candidate.

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