NEW: Republican National Committee Approves Draft 2024 Platform Strongly Supporting Bitcoin

A Republican National Committee panel has approved a draft of its 2024 party platform, which includes strong support for Bitcoin. On page nine, 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.” Additionally, it promises to end what it describes as the Democrats’ “unlawful and unAmerican Crypto crackdown” and opposes the creation of a Central Bank Digital Currency (CBDC). The Hill reports that the platform committee overwhelmingly approved the new draft, which will face a final vote on Tuesday.

This decision signifies the Republican party’s clear stance in favor of Bitcoin and cryptocurrency innovation, positioning itself against the current approach by the Biden Administration and Democrats. The draft highlights the growing interest and advocacy for Bitcoin protection and support within the party, aligning with broader trends of Bitcoin adoption among various Republican politicians. In May, Donald Trump stated his commitment to ensuring that “the future of crypto and Bitcoin will be made in the USA.”

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