The Democratic Party election platform did not mention “Bitcoin” even once

The Democratic National Committee published its 2024 party platform on Sunday — a document that outlines Democrats' future political priorities heading into the next election.

Unlike their Republican counterparts, the Democrats' platform did not mention the words Bitcoin, crypto or blockchain.

Democrats are still silent on Crypto.

The ninety-two-page document touches on issues popular with Democratic voters, including reducing housing costs and fighting climate change.

He also prioritized making the wealthy and corporations “pay their fair share” – making investment income tax the same as wage income and ending the preferential treatment of capital gains. That will hurt the pockets of all investors, including Bitcoin holders — a team the Biden administration is already desperate for.

Notably, the DNC platform was written and passed by the committee before Joe Biden dropped out of the 2024 presidential race, and includes lengthy praise for the administration's continued work.

However, that means the platform may tell us little about how the Democratic Party will handle crypto under a Harris administration, as many suspect the current vice president has a lighter touch on the industry than Biden.

“It's expected to pass as written,” Fox Business reporter Eleanor Terrett said. “It remains unclear whether new additions will be made to reflect Harris' position.”

Is this a ‘pivot'?

Adam Cochran of Cinemahain Ventures is one such person, believing the platforms' absolute silence on crypto is a quiet sign of the party's crypto ‘pivot' under Harris.

“For years we've had anti-crypto rhetoric, Warren calls for an ‘anti-crypto army' and the Treasury, OFAC and Fed going chokepoint claims crypto is about money laundering,” Cochrane tweeted on Monday. “Crypto doesn't need a government hand to succeed. It needs a non-hostile environment.”

In contrast, the Republican Party platform published in July clearly promised to end Biden's and Democratic Party's anti-crypto crackdown. He also pledged to oppose the creation of a central bank digital currency (CBCC) and to protect the US's sovereign rights to hold and issue Bitcoin.

Republican presidential candidate Donald Trump promised to establish a national “strategic Bitcoin reserve” at the 2024 Bitcoin conference, and to fire crypto-hostile SEC Chairman Gary Gensler. His strong support has earned him extensive vocal and financial backing from crypto leaders, including Kraken co-founder Jesse Powell and the Winklevoss twins.