David Bailey, CEO of Bitcoin Magazine, announced plans to potentially secure more than $100 million to launch a political action committee modeled after “Fairshake PAC,” aimed at promoting Bitcoin-centric legislation. This initiative underscores a strategic push to influence regulatory frameworks surrounding cryptocurrency. Bailey emphasized that lawmakers opposing a proposed Bitcoin tax amendment could encounter significant political consequences during the forthcoming midterm elections. This development highlights the increasing intersection of crypto policy advocacy and electoral politics, signaling a more organized effort to shape the future regulatory landscape for digital assets.
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Source: https://en.coinotag.com/breakingnews/bitcoin-magazine-ceo-david-bailey-plans-100m-fund-to-influence-bitcoin-policy-ahead-of-midterms/