The Republican National Committee recently made progress by advancing crypto and artificial intelligence (AI) policies in a draft platform. The draft was approved by a panel with a ratio of 84 votes in favor and 14 against, signaling a strong support for the proposed policies.
The platform aims to address key issues such as ending what the Republican party deems as the Democrats’ “unlawful and un-American Crypto crackdown” and preventing the establishment of a central bank digital currency (CBDC). Additionally, the party seeks to safeguard Bitcoin mining rights, the ability to self-custody crypto assets, and the freedom to conduct transactions without government interference. These policies are aligned with the party’s goal to promote individual freedoms and limit government control in the crypto and AI sectors.
Furthermore, the Republican platform also includes plans to repeal President Joe Biden’s executive order on AI, which the party views as restrictive and detrimental to AI innovation. Instead, the party aims to foster AI development that is grounded in principles of Free Speech and Human Flourishing, in contrast to what they perceive as “Radical Leftwing ideas” in Biden’s order.
The draft platform reflects the stance of the party’s presumptive presidential nominee, Donald Trump, who has previously spoken out on issues related to crypto and AI. Trump has voiced his opposition to CBDCs and emphasized the importance of the US dominating Bitcoin mining to counter the threat posed by CBDCs. He has also pledged to push back against anti-crypto policies proposed by the Democratic party and has expressed plans to ban the use of AI to censor the speech of American citizens.
In contrast, President Biden’s executive order on artificial intelligence focuses on establishing standards for AI development that prioritize protecting individual rights and privacy while advancing AI in a responsible manner. The differing approaches of the two parties highlight the ongoing debate and policy discussions surrounding crypto and AI technologies in the political landscape.
Overall, the Republican National Committee’s draft platform signifies a significant step towards shaping the party’s stance on key issues related to crypto and AI. With a final vote pending at the convention, it remains to be seen how these policies will evolve and impact the future of technology regulation in the United States.