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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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Donald Trump’s crypto stand – ‘End Democrats’ unAmerican crackdown’

July 9, 2024
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Donald Trump’s crypto stand – ‘End Democrats’ unAmerican crackdown’
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  • GOP adopted a pro-crypto platform to counter Biden’s strict crypto regulations.
  • Trump topped Polymarket predictions with 62%, ahead of Biden’s 21%.

In response to President Joe Biden’s stringent measures against cryptocurrency, the Republican Party, under former President Donald Trump, has adopted a draft platform supporting digital asset innovation.

Republican Party’s stride into crypto

This platform, approved on the 8th of July, aimed to outline the priorities of the entire party and the GOP politicians regarding the increasing interest in digital assets as they prepare for the upcoming November elections.

Taking a step further, the Republican National Committee has also adopted the 2024 Republican Party platform, which might increase Trump’s chances even more.

According to the document, 

“Republicans will end Democrats’ unlawful and unAmerican Crypto crackdown and oppose the creation of a Central BankDigital Currency.” 

The document further elaborated, 

“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.”

The reason behind Trump’s shift towards crypto

This marks Trump’s most significant move in consideration of the growing influence of crypto voters this election season. 

According to a June poll conducted by the National Crypto Council in the US, an overwhelming 83% of crypto voters preferred candidates who…

 “Wants to write clear rules for cryptocurrency so that investors can continue to have choices, and the industry can continue to grow and create jobs.”

Hence, this initiative is destined to attract more crypto users, especially in light of the recent scrutiny of crypto firms by the Securities and Exchange Commission (SEC) under Biden’s administration.

See also  Coinbase pushes SEC for clarity on crypto rulemaking

Additionally, the Republican Party also plans to protect crypto advocates from central bank digital currencies (CBDCs), or “digital dollars,” due to concerns over potential surveillance.

This move is notable given Trump’s previous dismissal of Bitcoin [BTC] and other cryptocurrencies as non-monetary and excessively volatile back in 2019.

Is Trump likely to win the election?

Despite Trump’s sudden shift in attitude towards crypto raising some speculation, the crypto community appears to favor Trump over Biden.

Felipe, an X (formerly Twitter) user, summed it up well when he articulated, 

“The GOP officially releases its stance on #Bitcoin…. you aren’t bullish enough on a Trump victory in November.” 

Polymarket’s predictions market data further confirmed this sentiment and indicated that Trump is leading with 62%, compared to Biden who is at 21%.

Polymarket

Source: Polymarket

It is important to note that Biden had briefly fallen to third place amidst rumors of Kamala Harris taking his position.

However, the latest update shows Biden back in second place, while Trump leads the pack with his position remaining unchanged.  

Next: German-Bitcoin sell-off: With BTC worth $551M sold, is the king’s crown slipping?

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  • GOP adopted a pro-crypto platform to counter Biden’s strict crypto regulations.
  • Trump topped Polymarket predictions with 62%, ahead of Biden’s 21%.

In response to President Joe Biden’s stringent measures against cryptocurrency, the Republican Party, under former President Donald Trump, has adopted a draft platform supporting digital asset innovation.

See also  Crypto casino Shuffle partners with decentralized launchpad Bazaar to boost its liquidity bootstrapping pool

Republican Party’s stride into crypto

This platform, approved on the 8th of July, aimed to outline the priorities of the entire party and the GOP politicians regarding the increasing interest in digital assets as they prepare for the upcoming November elections.

Taking a step further, the Republican National Committee has also adopted the 2024 Republican Party platform, which might increase Trump’s chances even more.

According to the document, 

“Republicans will end Democrats’ unlawful and unAmerican Crypto crackdown and oppose the creation of a Central BankDigital Currency.” 

The document further elaborated, 

“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.”

The reason behind Trump’s shift towards crypto

This marks Trump’s most significant move in consideration of the growing influence of crypto voters this election season. 

According to a June poll conducted by the National Crypto Council in the US, an overwhelming 83% of crypto voters preferred candidates who…

 “Wants to write clear rules for cryptocurrency so that investors can continue to have choices, and the industry can continue to grow and create jobs.”

Hence, this initiative is destined to attract more crypto users, especially in light of the recent scrutiny of crypto firms by the Securities and Exchange Commission (SEC) under Biden’s administration.

Additionally, the Republican Party also plans to protect crypto advocates from central bank digital currencies (CBDCs), or “digital dollars,” due to concerns over potential surveillance.

This move is notable given Trump’s previous dismissal of Bitcoin [BTC] and other cryptocurrencies as non-monetary and excessively volatile back in 2019.

See also  Blockchain And Crypto Are Future of Online Gambling

Is Trump likely to win the election?

Despite Trump’s sudden shift in attitude towards crypto raising some speculation, the crypto community appears to favor Trump over Biden.

Felipe, an X (formerly Twitter) user, summed it up well when he articulated, 

“The GOP officially releases its stance on #Bitcoin…. you aren’t bullish enough on a Trump victory in November.” 

Polymarket’s predictions market data further confirmed this sentiment and indicated that Trump is leading with 62%, compared to Biden who is at 21%.

Polymarket

Source: Polymarket

It is important to note that Biden had briefly fallen to third place amidst rumors of Kamala Harris taking his position.

However, the latest update shows Biden back in second place, while Trump leads the pack with his position remaining unchanged.  

Next: German-Bitcoin sell-off: With BTC worth $551M sold, is the king’s crown slipping?
Tags: crackdownCryptoDemocratsDonaldstandTrumpsunAmerican

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Memecoin Project Obama6900 (OBX) Joins the Fight Against Malaria with Long-Lasting Insecticidal Nets (LLINs)

Memecoin Project Obama6900 (OBX) Joins the Fight Against Malaria with Long-Lasting Insecticidal Nets (LLINs)

October 28, 2023
Tezos 2023 Outlook: An Overview of Tezos (XTZ)

Tezos 2023 Outlook: An Overview of Tezos (XTZ)

November 2, 2023
UK risks regulating NFTs the wrong way, says Mintable CEO

UK risks regulating NFTs the wrong way, says Mintable CEO

October 30, 2023
Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

August 3, 2024
How to Earn Keys to Boost Your HMSTR Airdrop

How to Earn Keys to Boost Your HMSTR Airdrop

September 10, 2024

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EDITOR'S PICK

Cardano Founder Reacts as Ethereum Proponent Slams His Multi-tasking Ability

Cardano Founder Reacts as Ethereum Proponent Slams His Multi-tasking Ability

February 27, 2024
ChatGPT claims XRP will reach $10 in 2024 – Do the indicators agree?

ChatGPT claims XRP will reach $10 in 2024 – Do the indicators agree?

December 31, 2023
SBINFT’s Jangdeok Ko Links the Surge in NFT Piracy to the Ease of Token Minting

SBINFT’s Jangdeok Ko Links the Surge in NFT Piracy to the Ease of Token Minting

February 25, 2024
Comprehensive Growth Forecast for Broadcast Switcher Market: Segmentation Analysis and Market Trends (2024 – 2031)

Comprehensive Growth Forecast for Broadcast Switcher Market: Segmentation Analysis and Market Trends (2024 – 2031)

October 8, 2024

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