The Republican Party, a big group of people who help make decisions in the United States, said they support Bitcoin and other digital money. They want to make it easier for people to use and own digital money without the government telling them what to do. This is important because it might affect the next election where people choose a new leader. Some people think digital money is good and others think it's bad, so this could be a big topic in the election. Read from source...

1. The article claims that the Republican Party officially declared its backing for the cryptocurrency industry and its stakeholders in its 2024 election manifesto. This is an exaggeration, as the party platform is not binding and does not reflect the views of all Republican politicians or voters.
2. The article suggests that the absence of Bitcoin or significant policy issues surrounding it during the first 2024 presidential debate between incumbent Joe Biden and challenger Donald Trump last month is noteworthy. However, it is not surprising, as cryptocurrency is still a relatively niche topic in the broader political landscape.
3. The article cites Standard Chartered's prediction that Bitcoin's price might reach a new all-time high by August and could surge to $100,000 by the U.S. presidential election in November. This is based on the assumption that President Biden remains a candidate, which is a speculative and unreliable indicator of Bitcoin's performance.
4. The article mentions that the odds of Biden dropping out of the presidential race fell to 36% after he published an open letter reaffirming that he's not dropping out. This is irrelevant to the topic of cryptocurrency and Republican Party's stance on it, and seems to be included to create a sense of uncertainty and drama.