RNC Embraces Pro-Crypto Stance: Advocates for Bitcoin Mining and Self-Custody, Opposes CBDC

Jul 8, 2024

RNC Embraces Pro-Crypto Stance: Advocates for Bitcoin Mining and Self-Custody, Opposes CBDC
RNC Embraces Pro-Crypto Stance: Advocates for Bitcoin Mining and Self-Custody, Opposes CBDC
RNC Embraces Pro-Crypto Stance: Advocates for Bitcoin Mining and Self-Custody, Opposes CBDC

The Republican National Committee (RNC) has included a pro-cryptocurrency stance in their draft policy platform, marking a significant shift in the party’s official position. The platform advocates for Bitcoin mining and the right for Americans to self-custody their digital assets, opposing the creation of a Central Bank Digital Currency (CBDC). This change comes ahead of the RNC’s national convention scheduled for July 15-18, where Donald Trump is expected to receive the presidential nomination. Trump’s campaign has pivoted to support cryptocurrencies, despite his earlier criticisms of Bitcoin and other digital assets during his presidency​.