Democrats Exclude Bitcoin and Crypto from 2024 Platform, Continuing Past Hostility

As the 2024 U.S. presidential election approaches, the Democratic Party has decided to exclude Bitcoin and cryptocurrency from its official platform, continuing its history of scepticism toward digital assets.

Neither Kamala Harris, the Democratic presidential candidate, nor her running mate, Tim Walz, have prioritized the inclusion of Bitcoin or other cryptocurrencies in their campaign agenda.

This decision contrasts sharply with the Republican Party’s stance on digital assets. The GOP has actively embraced Bitcoin, making it a central issue in their platform. Republican leaders have pledged to end what they describe as the Democrats’ “unlawful and un-American crypto crackdown.”

They also oppose the creation of a Central Bank Digital Currency (CBDC) and have vowed to protect the right to mine Bitcoin, ensure Americans can self-custody their digital assets, and maintain financial privacy from government surveillance.

"Democratic Party's 92-page document with no mention of #Bitcoin or #crypto. Meanwhile, they focus heavily on tax hikes, with 150 mentions of Trump and just 19 for Biden's 2nd term. Thoughts on this strategy? #politics #cryptocurrency" #btc #eth #Ethereum #USA #trump #harris pic.twitter.com/YYXJxVa45C

— (FollowBack / Follow Back) Crypto Referee (@Crypto_Referee) August 20, 2024

The growing divide between the two major parties on cryptocurrency was further emphasized when Republican presidential candidate Donald Trump spoke at the Bitcoin 2024 Conference in Nashville, affirming his support for the industry.

In contrast, Kamala Harris declined to attend or speak at the event, underscoring the Democrats’ reluctance to engage with the crypto community.

Independent presidential candidate Robert F. Kennedy Jr. also spoke at the Bitcoin 2024 Conference, voicing his support for Bitcoin.

His participation highlights the growing political divide over digital assets, with independent and Republican candidates increasingly positioning themselves as advocates for the crypto industry.

The Democratic Party’s decision to exclude Bitcoin and cryptocurrency from its platform could have significant electoral implications.

An estimated 50 million Bitcoin and crypto holders across the country are paying close attention to how candidates approach digital assets.

The Democratic Party's official 2024 platform has no mention of Bitcoin or cryptocurrency. This aligns with four years of Kamala Harris crypto-hostility, potentially alienating an estimated 50 million Bitcoin and crypto holders / voters across the US.https://t.co/Y1hn1eZrVN pic.twitter.com/y1vdMU7WX9

— Impact Trends (@ImpactTrends) August 19, 2024

As these voters look for a candidate who will champion their interests, the Democrats’ absence of a clear stance on crypto could potentially influence their voting decisions.

In summary, the 2024 election is shaping up to be a pivotal moment for the future of cryptocurrency in the United States.

With the Republican Party and independent candidates openly supporting Bitcoin, and the Democrats maintaining their cautious approach, the outcome of this election could have long-lasting effects on the regulatory landscape for digital assets.

As the campaign season heats up, the crypto community will be watching closely to see which candidate offers the most favourable policies for the future of digital currency.