Republican National Committee Pro-Bitcoin Platform Likely Influenced By State Policy
The Republican National Committee (RNC) in the United States passed on July 8 a draft of a policy platform that advocates for cryptocurrency adoption and Bitcoin mining.
Page nine of the draft explicitly states, “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.”
HUGE BRREAKING: The National Republican Party (GOP) adds '#Bitcoin Rights' to their party platform – Supports Ban of CBDCs.
This is a huge moment where an entire party is now absorbing many of the critical advances that have been made at the state level to defend '#Bitcoin… pic.twitter.com/Y3JF3pXr3y
— Dennis Porter (@Dennis_Porter_) July 8, 2024
Additionally, the draft promises to end what it calls the Democrats’ “unlawful and unAmerican Crypto crackdown.” The document also strongly opposes the creation of a Central Bank Digital Currency (CBDC) .
While it’s notable that the Republican Party has taken a pro-Bitcoin stance, industry experts believe that state-level policy has helped influence this decision.
Dennis Porter, CEO and Co-Founder of Satoshi Action Fund – a U.S. based non-profit dedicated to Bitcoin innovation – told Cryptonews that the RNC’s policy platform contains language that Satoshi Action Fund developed for state-level policy.
“Satoshi Action Fund coined the terms ‘right to mine’ in Bitcoin rights that have passed in both Louisiana and Oklahoma,” Porter said.
Right to self custody
Right to mine
Right to P2P
Right to node
Right to transact#Bitcoin rights are on the rise.
What’s next?
Eliminate Capitol gains on #Bitcoin.
— Dennis Porter (@Dennis_Porter_) July 9, 2024
Indeed, Oklahoma passed a bill to protect Bitcoin (BTC)
Read more on cryptonews.com
