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Reform Party to Explore Cryptocurrency in New Platform Plank Proposal

The Reform Party’s Platform Committee will explore and draft a formal platform position on cryptocurrency for members to consider adopting in the next year, following a recent request by the national party chair.

In a statement on Thursday, Reform Party National Committee Chair Nicholas Hensley announced that he had approached the Platform Committee to propose a new plank addressing cryptocurrency and its relationship with modern investing. While Hensley did not specify which elements he would like to see included, he stated that it would be presented to party membership at the next convention.

Hensley, who initially regarded cryptocurrency as “a fad,” said his views evolved after engaging with digital currency advocates and conducting further research. He now considers cryptocurrency a viable investment and stated that he has been “won over” by its potential.

At least one other national party has formally addressed cryptocurrency in its platform at this time. Earlier this year, the Republican National Committee approved a 2024 platform that includes language opposing the creation of a “Central Bank Digital Currency” and expresses support for the right to mine Bitcoin.

Several other parties have also been vocal in their support of digital currencies or the broader application of Blockchain technology, even if not explicitly addressed in their platforms. For example, the Libertarian National Committee first established a Blockchain Committee in 2018 and began accepting Bitcoin donations the year prior. The Pirate National Committee has also pre-approved several state party platforms for future affiliates to adopt without requiring direct approval, including the Massachusetts Pirate Party’s platform, which raises concerns about cryptocurrency and the culture surrounding its use.

2 Comments

  1. Curious October 4, 2024

    Just what crypto needs to take it mainstream – the Reform Party after a dozen half lives of radioactive decay?

  2. Nuña September 27, 2024

    “He now considers cryptocurrency a viable investment”

    Thereby proving that he hasn’t a clue about crypto and has let a bunch of scam artists talk him into their scheme. Cryptocurrency can be a useful decentralized transaction medium, but it is a terrible long-term investment. You convert exactly as much money into crypto as you need to, when you need to make a payment with it. And you convert any crypto you receive into money (or some relatively stable commodity like precious metals) as soon as possible. Storing your wealth in the form of any cryptocurrency, is the best guarantee to lose all of it sooner or later. I know the idea of your wealth generating passive revenue is attractive, but it’s not worth the risk and in most cases won’t even earn you dividends. So… JUST. DON’T. DO. IT!

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