Today, the Republican National Committee adopted a platform that lays out the party's priorities including support of digital assets innovation - a first in American politics. While the press release did not include #crypto among the 20 top policy "promises," digital assets were included in the section on emerging industries. Under the section header "Build the Greatest Economy in History," the platform asserts the need to "Champion Innovation," and writes, "Republicans will pave the way for future Economic Greatness by leading the World in Emerging Industries." Specifically under the header "Crypto," the platform asserts, "Republicans will end Democrats’ unlawful and unAmerican Crypto crackdown and oppose the creation of a Central Bank Digital Currency. 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." Whatever your politics - or views on a CBDC - the Republican's inclusion of crypto in its platform is an extraordinary first for the growing ecosystem and further proof that every branch of the US federal government is fully engaged in the discussion. I am sure there is more to come on this!
Tom Walker
1w
A week later this post has come up in my feed again, and it makes no more logical sense now than it did when it was first posted. "Ensure every American has the right to self-custody of their Digital Assets, and transact free from Government Surveillance and Control." So does this mean law enforcement can only obtain bank records upon probable cause subject to judicial approval (like it says in the 4th Amendment)? Or can law enforcement still obtain bank records with a subpoena upon the standard of "relevance to an investigation?" Does this mean banks will not longer have to make Suspicious Activity Reports? Does this mean every individual and business in America will no longer have to disclose their physical address to the Federal government when opening a deposit account?
We can’t let voting for crypto be a vote to end democracy however. Hopefully we can make this a non partisan issue.
"Build the greatest economy ever" lol even me as a swede know that it's always the reps that destroy the economy and then the Dems somewhat rebuild it and that's based on publicly available data. There has been around (if I remember correctly) one republican or two presidents that has turned the economy around. And also trump will totally destroy the American economy with his import tariffs. And not to speak of what project 2025 will do 😂
Lewis Cohen
2w
Ari - You are exactly the person I wanted to ask this question of: I know people are excited about this, but what do you think the RNC were thinking when they wrote the words, “ … transact free from Government Surveillance and Control”? 👀👀
Canada needs conservatives..US needs Republicans.. I hate politics ..I'm just Pro 🟠
Jim Richards
1w
This: “ensure every American has the right to self-custody of their Digital Assets, and transact free from Government Surveillance and Control." Self-custody? No regulations? Bye bye, Coinbase and Kraken …
Tom Walker
2w
I guess the GOP just lost the vote of every little old lady who's been scammed and all of their family members.
Also “Man convicted on 34 felony counts thinks world’s foremost money laundering vehicle is awesome”
As long as fascism makes me money I’m cool with it… the head of Krups probably said something similar in ‘33
Committed to the blockchain & cryptocurrency community
2wNow we need the Democratic Party to do the same thing. This should be a bi-partisan issue! We should all be in favor of pro-digital asset policies!