Former President Donald Trump’s Republican Party officially… Adopt a platform According to a document released Monday by the Republican National Committee, which will seek to support cryptocurrency innovation.

The purpose of this platform is to determine the preferences of the party as a presidential candidate. Trump And Republican congressional candidates are running for office in November, reflecting Trump and other GOP politicians’ growing interest in digital assets.

According to the document, “Republicans will end Democrats’ illegal and un-American crypto crackdown and oppose the establishment of a central bank digital currency.” “We will defend the right to mine Bitcoin, and ensure that every American has the right to self-custody their digital assets, and to conduct transactions free from government oversight and control.”

In recent months, Trump has reversed his earlier skepticism of cryptocurrency. Strong support. He also has some personal experience with digital assets, having launched several of his own sets of branded non-fungible tokens (NFTs).

Trump’s campaign and an affiliated political action committee also accept crypto donations.

The committee’s new platform announcement listed 20 of its top policy “commitments” without including the crypto item, but digital assets made an appearance as part of the economy under innovative initiatives.

Opposition to central bank digital currencies (CBDCs) has been a popular talking point for Trump and other Republicans during the 2024 campaign. As other jurisdictions – including China and Europe – have pursued the idea of ​​government-backed digital tokens, the US has not progressed beyond the research stage.

Republicans have accused Democrats of pushing for CBDCs that would allow greater financial oversight of American citizens. However, Federal Reserve Chairman Jerome Powell and other government officials have insisted that such a theoretical digital dollar would be managed by the banking system, not the government. And Fed officials have said it will not be adopted without approval from Congress and the White House.

Read more: Crypto Giants Succeed in Costly Struggle to Influence US Politics – Not to mention Crypto

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