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.
Timely, reliable coverage of breaking news, insights, and analyses on Bitcoin and cryptocurrencies since 2018.
Disclaimer: The information provided on COINOTAG NEWS is for informational purposes only and should not be considered financial or investment advice. Always conduct your own research and consult with a financial advisor before making any investment decisions.
© COINOTAG News 2024