The Republican National Committee (RNC) passed a draft platform outlining crypto and artificial intelligence (AI) policies on July 8. The panel passed the draft platform with 84 votes in favor and 14 against, and the convention must finalize the platform in a future vote. The Republican party aims to “end Democrats’ unlawful and un-American Crypto crackdown” and prevent the creation of a central bank digital currency (CBDC). They also intend to protect Bitcoin mining rights, self-custody crypto, and the right to perform transactions without government control and surveillance. Additionally, they plan to repeal President Joe Biden’s executive order on AI, which they consider “dangerous” and limiting AI innovation.
The Republican draft platform reflects the stance of its presumptive presidential nominee, Donald Trump, who has previously addressed crypto and AI issues. Trump has expressed opposition to CBDCs since at least January and has stated that he intends for the US to dominate Bitcoin mining as a protection against CBDCs. At recent events, Trump pledged to counter the Democratic party’s anti-crypto policies and expressed plans to oppose Biden’s executive order on AI. He also stated his intention to “ban the use of AI to censor the speech of American citizens.”
Biden’s executive order on AI aims to pursue standards for AI development that protect rights and privacy while responsibly advancing AI. The Republican draft platform aims to support AI development “rooted in Free Speech and Human Flourishing” in contrast to Biden’s AI order, which they claim imposes “Radical Leftwing ideas.” The platform reflects Trump’s position on crypto and AI issues, aligning with his plans to protect Bitcoin mining rights and oppose CBDCs, as well as to repeal Biden’s executive order on AI.
Overall, the Republican party’s draft platform on crypto and AI policies aligns with the stance of their presumptive presidential nominee, Donald Trump, who has expressed opposition to CBDCs and plans to protect Bitcoin mining and oppose Biden’s executive order on AI. The platform aims to support AI development rooted in free speech and human flourishing, in contrast to what they see as limiting and radical leftwing ideas present in Biden’s AI order. The party aims to protect crypto rights and prevent government control and surveillance over transactions, reflecting their commitment to upholding individual freedoms in the digital realm.
