Bitcoin Magazine Helps Trump Craft Crypto-Friendly Agenda
By TH3FUS3 Editorial Staff
May 13, 2024 09:56 AM
Reading time: 1 minute, 57 seconds
TL;DR David Bailey, CEO of Bitcoin Magazine, has taken a groundbreaking step by collaborating with Donald Trump's campaign to craft a crypto-friendly agenda. This initiative could significantly influence the future US policy on digital assets.
David Bailey, the CEO of Bitcoin Magazine, recently made a groundbreaking announcement on the social media platform X that could pivot the U.S. digital currency policy. Bailey disclosed his involvement with Donald Trump's campaign to formulate a Bitcoin and cryptocurrency policy agenda.
This partnership could culminate in a sweeping executive order, signed on Trump’s first day back in office, potentially catalyzing a more crypto-accommodating regulatory atmosphere.
"Over the last month, we've teamed up with the Trump campaign to carve out their Bitcoin and crypto policy agenda. We've crafted a detailed executive order for President Trump to enact immediately upon his return to office," Bailey shared.
Amassing a $100 Million Campaign Arsenal Not stopping there, Bailey also unveiled plans to amass a staggering $100 million 'war chest' to bolster a pro-Bitcoin president in the following U.S. election.
This bold strategy follows Trump's pro-crypto declarations at the recent Trump Cards NFT Gala, where he criticized the current administration's crypto policies, firmly positioning himself as a cryptocurrency advocate.
Mixed Emotions and Strategic Alliances in the Crypto World The reaction from the cryptocurrency community to Bailey’s announcement has been mixed. Influencers like Sweep (@0xSweep) have voiced opinions that Bitcoin doesn’t need Trump—it’s Trump who needs Bitcoin.
Yet Bailey advocates for the symbiotic potential of this alliance, suggesting it’s about forging a strategic partnership that benefits all involved, not just fulfilling Trump’s needs.
The Political Dance Around Bitcoin’s Role Emphasizing Bitcoin’s nonpartisan nature, Bailey clarifies that the crypto community's engagement with Trump is driven more by opposition to the current regulatory approaches than by directly endorsing Trump himself.
This maneuver is part of a broader strategy to leverage political influence to safeguard and advance Bitcoin and other digital currencies within the American financial landscape. ** Bitcoin’s Burgeoning Political Influence** With the U.S. presidential elections on the horizon, Bailey's bold assertion that "It's time for Bitcoin to elect the next President of the United States" speaks volumes about the potential political weight digital currencies now carry.
This collaboration between Bailey and Trump’s campaign team could signify a transformative moment in U.S. political history, positioning digital asset policy as a central issue in the forthcoming election. This unfolding scenario highlights how deeply integrated cryptocurrency considerations are becoming in shaping national policy directives.