For the First Time Ever, Crypto is an Official Part of a Major Political Party Platform
The Breakdown
Blockworks
4.8 • 806 Ratings
🗓️ 10 July 2024
⏱️ 12 minutes
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| 0:00.0 | Welcome back to The Breakdown with me, NLW. |
| 0:08.0 | It's a daily podcast on Macro, Bitcoin, and the Big Picture Power Shifts remaking our world. |
| 0:18.0 | What's going on, guys? It is Tuesday, July 9th, and today we are talking about crypto in the official GOP platform. |
| 0:25.6 | Before we get into that, however, if you are enjoying the breakdown, please go subscribe to it, give it a rating, give it a review, or if you want to dive deeper into the conversation. |
| 0:32.7 | Come join us on the Breakers Discord. You can find a link in the show notes or go to bit.ly slash breakdown pod. |
| 0:38.2 | Hello, friends. Today feels like a bit of a culmination of the political wind-changing stories |
| 0:44.8 | that we've been covering for the last month or so. TLDR, the Republican National Committee, |
| 0:49.4 | has released their policy platform, and for the first time in history, crypto has been formally included. |
| 0:55.1 | So let's talk about what that means and what it says about the state of the political |
| 0:58.4 | crypto discourse. The platform is intended to lay out the priorities of a Trump administration |
| 1:03.1 | as the presumptive nominee heads to the Republican National Convention next week. |
| 1:06.6 | The party stance on crypto is outlined in a section that is in their words aimed at building |
| 1:10.4 | the greatest |
| 1:10.8 | economy in history under the subsection of championing innovation. It reads, |
| 1:15.6 | Republicans will end Democrats unlawful and un-American crypto crackdown and oppose the creation |
| 1:20.4 | of a central bank digital currency. We will defend the right to mine Bitcoin and ensure every |
| 1:24.5 | American has the right to self-custody of their digital assets and transact |
| 1:27.9 | free from government surveillance and control. That's the entire position. And frankly, it is |
| 1:32.7 | three lines that address a huge swath of the big-picture priorities put forward by the industry. |
| 1:37.7 | Cryptopolicy fits in alongside AI and the commercial space sector as key areas of innovation |
| 1:42.3 | the GOP wants to promote. The overall |
| 1:44.2 | economic theme is regulation and tax cuts alongside protectionist trade reform and energy dominance. |
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