Bitcoin Magazine CEO David Bailey Plans $100M Fund to Influence Bitcoin Policy Ahead of Midterms

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.