Bitcoin Policy: David Bailey Unveils Ambitious $100M Crypto PAC Initiative

Key Points

1. David Bailey proposes a $100 million Bitcoin Policy PAC to advance Bitcoin's political and regulatory interests in Washington D.C.

2. The PAC is modeled after Fairshake, a prominent crypto-focused PAC, to leverage proven strategies for influencing pro-crypto policies.

3. The initiative aims to push for clear and favorable Bitcoin regulations, including tax treatment for holders and miners.

4. Bailey's leadership and BTC Inc.'s influence lend credibility and potential impact to the PAC's efforts.

5. The timing is critical as the U.S. regulatory landscape for cryptocurrencies remains fragmented, creating urgency for political engagement.