Cryptocurrencies Excluded from the 2024 Democratic Party Platform

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by Giorgi Kostiuk

2 years ago

Made with AI

  1. Overview of the 2024 Democratic Party Platform
  2. Harris Campaign Promises Under Scrutiny
  3. Potential Changes Before the Election


    4. Contrary to weeks of messaging from the Harris-Walz 2024 presidential campaign and senior Democrat officials promising a crypto ‘reset’, the 2024 Democrat Party platform made no mention of cryptocurrencies or digital asset policy.

    Overview of the 2024 Democratic Party Platform

    The 91-page party platform touched on everything from 'corporate greed,' housing, and education to US foreign policy and geostrategic power. Cost-cutting was a recurring theme in the lengthy document, yet nowhere in the party platform were solutions to tackle the core issue of rising costs due to monetary debasement or austerity measures to control the spending of the US government.

    Harris Campaign Promises Under Scrutiny

    Promises by the Harris campaign to reverse the crypto policies under the Biden administration have been met with suspicion from industry executives and crypto investors. Fred Thiel, CEO of MARA, stated that he did not expect to see any mention of Bitcoin in the Harris platform and noted that the Bitcoin mining giant might consider opportunities outside of the United States depending on the outcome of the 2024 presidential election.

    Senator Chuck Schumer promised voters pro-crypto policies if Kamala Harris was elected President in November.Chuck Schumer

    Potential Changes Before the Election

    The Democratic Party will vote on finalizing its 2024 platform on Aug. 19, 2024. Experts believe the platform will likely be passed exactly as written, but there is a chance that Harris and the Democratic Party may change their tune on digital assets. Former Republican presidential candidate Vivek Ramaswamy believes the Harris campaign might pivot on crypto, even if only through rhetoric and campaign promises, to attract single-issue crypto voters.

    The absence of cryptocurrency mentions in the Democratic Party platform raises questions about their future stance on these innovations. It remains to be seen how their position might change leading up to and after the election.

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