Republican

Bank

David

<ul class="news-points">
 <li><strong>Ripple CTO discussed the GOP’s evolving crypto stance.</strong></li>
 <li><strong>GOP shifts towards anti-CBDC, pro-Bitcoin mining policy.</strong></li>
 <li><strong>Crypto market reacts positively, Bitcoin and Ethereum prices surge.</strong></li>
</ul>
<p>Ripple’s Chief Technology Officer, David Schwartz, weighed in on the Republican party’s evolving stance on crypto, particularly their opposition to Central Bank Digital Currencies (CBDCs) and support for Bitcoin mining.</p>
<p>The discussion unfolded on platform X (formerly Twitter) and comes as the GOP prepares to formally announce its updated digital currency policy at its upcoming convention.</p>
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   <p lang="en" dir="ltr">CBDCs may be a little bit like a veggie burger with bacon. They combine a lot of good things people like, but possibly in a particular combination that just won't appeal to very many people.</p>— David "JoelKatz" Schwartz (@JoelKatz) <a href="https://twitter.com/JoelKatz/status/1811256223972630805?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 11, 2024</a>
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<p>The Republican party, preparing for its convention from July 15-18 to nominate a 2024 presidential candidate, has openly criticized the concept of a CBDC, citing concerns about financial privacy and economic freedom. “We believe that CBDCs pose a threat to financial privacy and economic freedom,” a party spokesperson said. This move has captured the a…</p>
<p>The post <a href="https://coinedition.com/ripple-cto-weighs-in-on-gops-anti-cbdc-pro-bitcoin-stance/" rel="noopener noreferrer nofollow">Ripple CTO Weighs In on GOP’s Anti-CBDC, Pro-Bitcoin Stance</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Ripple CTO Weighs In on GOP’s Anti-CBDC, Pro-Bitcoin Stance

Coin Edition

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