The Democratic Party’s official 2024 policy is release The decision, made today on the first day of the Democratic National Convention (DNC) without any mention of Bitcoin or cryptocurrencies, is consistent with the Biden-Harris administration’s hostility towards the cryptocurrency industry over the past four years.
Despite the growing importance of Bitcoin and digital assets, neither Kamala Harris nor Tim Walz, who are running for president and vice president in November’s upcoming elections, have prioritized incorporating Bitcoin and cryptocurrencies into their party’s agenda.
BREAKING: 🇺🇸Democratic Party releases official platform, #Bitcoin Or cryptocurrencies. pic.twitter.com/OsMEbgwX4J
— Bitcoin Magazine (@BitcoinMagazine) August 19, 2024
In contrast, Republicans have embraced Bitcoin and made it a central part of their party’s policies. Republicans have pledged to end the Democrats’ “illegal and un-American crackdown on cryptocurrencies” and oppose the creation of a central bank digital currency (CBDC). Additionally, Republicans have pledged to protect Bitcoin mining rights, allow Americans to self-control their digital assets, and protect financial privacy from government surveillance.
The difference between the two parties’ approaches is that Republican presidential candidate Donald Trump spoke At the Bitcoin 2024 conference in Nashville, Biden underscored his support for the Bitcoin industry, while Democratic presidential candidate Kamala Harris declined to speak at or attend the event.
Independent presidential candidate Robert F. Kennedy Jr. talk He voiced his support for Bitcoin at the Bitcoin 2024 conference, further highlighting the widening political divide on the issue.
As the 2024 election approaches, the absence of Bitcoin and cryptocurrency in the Democratic Party’s policy platform could affect the votes of an estimated 50 million Bitcoin and cryptocurrency holders across the country who are looking for the best candidate to champion their cause.
UPDATE: Fox Business’ Eleanor Terrett reports that the party platform was approved before Joe Biden dropped out of the election and that delegates to the Democratic National Convention are scheduled to vote on the platform tonight, which “is expected to pass as written.”
🚨News: I read that the party platform was actually written and approved earlier. president He has withdrawn from the election, which is why we are seeing so many references to him and even to his second term.
Delegates to the convention are scheduled to vote on the platform tonight, and as expected… https://t.co/92gb3BCLfv
— Eleanor Terrett (@EleanorTerrett) August 19, 2024
