The official platform of the Democratic Party for 2024 was: released Today, on the first day of the Democratic National Convention, there was no mention of Bitcoin or cryptocurrencies. This decision is in line with the past four years of hostility toward the industry by the Biden-Harris administration.
Despite the growing importance of Bitcoin and digital assets, neither Kamala Harris nor Tim Walz, who are running for president and vice president in the upcoming November elections, have put Bitcoin and cryptocurrencies on the party agenda.
Urgent: 🇺🇸 The Democratic Party issues its official program, without mentioning anything #Bitcoin Or encryption. pic.twitter.com/OsMEbgwX4J
— Bitcoin Magazine (@BitcoinMagazine) August 19, 2024
In contrast, the Republican Party has embraced Bitcoin, making it a core part of its platform. They have pledged to end what they call the Democrats’ “illegal and un-American crackdown on cryptocurrencies” and oppose the creation of a central bank digital currency. Additionally, the GOP has pledged to protect the right to mine Bitcoin, ensure Americans can hold their own digital assets, and preserve financial privacy from government surveillance.
The difference in approach between the two parties was further highlighted when Republican presidential candidate Donald Trump announced to talk At the Bitcoin 2024 conference in Nashville, Trump reiterated his support for the industry. Meanwhile, Democratic presidential candidate Kamala Harris declined to speak or participate in the event.
As did independent presidential candidate Robert F. Kennedy Jr. speaks At the Bitcoin 2024 conference, he expressed his support for Bitcoin, underscoring the growing political divide on the issue.
With the 2024 election approaching, the absence of Bitcoin and cryptocurrencies from the Democratic platform could impact 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 this party platform was approved before Joe Biden dropped out of the race, and that DNC delegates will vote on the platform tonight “but it is expected to pass as written.”
🚨New: I read that the party program has already been written and approved before @President of the United States He dropped out of the race, which is why you see a lot of references to him and even references to his second term.
Convention delegates are scheduled to vote on the platform tonight but are expected to… https://t.co/92gb3BCLfv
— Eleanor Terrett (@EleanorTerrett) August 19, 2024