Trump’s Bitcoin Advisor, David Bailey, Aims to Launch $200 Million PAC

David Bailey, a close advisor to Donald Trump on digital currency matters, is reportedly planning to establish a political action committee (PAC) with the goal of raising $200 million. This PAC is intended to support political candidates who are favorable towards Bitcoin and cryptocurrencies in general. This initiative is part of a broader effort to promote the adoption and positive regulation of digital currencies at the political level. Bailey believes that a strong, well-funded PAC can effectively influence policies and legislation related to Bitcoin. The committee also aims to educate the public and policymakers about the benefits and importance of digital currencies in the modern economy. It is anticipated that this PAC will play a crucial role in shaping the future of digital currencies in the United States and globally.