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Trump and Republican Party Publicly Endorses Cryptocurrencies

The RNC's 2024 platform supports pro-crypto policies, pledging to end the crackdown on the U.S. cryptocurrency industry and protect Bitcoin mining and self-custody rights.
Trump and Republican Party Publicly Endorses Cryptocurrencies

The Republican National Committee (RNC) recently supported several pro-cryptocurrency policies to benefit digital asset companies and investors. These initiatives are now part of the party’s official platform for the 2024 U.S. elections, marking their latest effort to appeal to crypto-enthusiast voters.

The GOP’s “Make America Great Again” platform pledges to end the “illegal and treasonous” crackdown on the U.S. cryptocurrency industry, according to official documents released by the campaign of presumptive Republican presidential nominee Donald Trump.

The platform also promises to “protect the right to mine Bitcoin” and allow crypto investors to self-custody their tokens, opposing the creation of a Central Bank Digital Currency (CBDC).

The document states:

“We will protect the right… to transact without government surveillance and control.”

Including crucial cryptocurrency issues in the Republican platform follows a series of moves by presidential candidate Donald Trump to court crypto-supportive voters.

In May, Trump pledged to free Silk Road founder Ross Ulbricht if elected and expressed support for self-custody of digital assets at a political conference in Washington, D.C., speaking to an enthusiastic crowd that included many crypto supporters. Weeks later, Trump reportedly met with several Bitcoin miners to discuss crypto mining policy at his Mar-a-Lago resort in Palm Beach, Florida.

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