- Program Presentation
- Reaction to the Absence of Cryptocurrencies
- Ties with the Cryptocurrency Industry
At the beginning of the Democratic National Convention in the USA, the new party platform was officially unveiled, but the document did not mention blockchain technology, Bitcoin, digital assets, or cryptocurrencies.
Program Presentation
The platform, released over the weekend, appears to have been drafted and approved before President Joe Biden dropped out of the presidential race. According to NBC News, the document was finalized by the Platform Committee on July 16, just days before Biden dropped out of the race on July 21. The document will be formally voted on by convention delegates on Monday night in what is expected to be a largely ceremonial procedure.
Reaction to the Absence of Cryptocurrencies
The fact that these issues were not included in the platform, especially in contrast to the Republican Party's stance on the issue, drew backlash. Fox Business correspondent Eleanor Terrett noted that the Republican Party's program includes a special section on 'supporting innovation,' covering cryptocurrencies, artificial intelligence, and space travel.
Ties with the Cryptocurrency Industry
Following Biden’s departure, both entrepreneurs and lawmakers have made concerted efforts to strengthen ties between the cryptocurrency industry and presumptive Democratic nominee Vice President Kamala Harris. Last week, local network Crypto4Harris held a meeting to discuss the Democratic Party’s vision for digital asset innovation and regulation.
The absence of cryptocurrency mentions in the Democratic Party's platform raises questions about how this rapidly growing sector will be regulated in the future. The relationships between politicians and representatives of cryptocurrency communities may significantly influence the future of digital assets in the USA.
