David Bailey, CEO of Bitcoin Magazine, has publicly announced his collaboration with Donald Trump’s campaign to develop a crypto-friendly agenda that could shape future US digital asset policy. Using social media platform X, Bailey detailed his direct involvement in developing a strategic vision for BTC and other cryptocurrencies under a potential Trump administration.
A $100 million war chest for Bitcoin
Bailey announcement“Over the past month, we have worked with the Trump campaign to develop its Bitcoin and crypto policy agenda. We have proposed a comprehensive executive order for President Trump to sign on day one. This executive order is expected to lay the groundwork for a more crypto-friendly regulatory environment, reflecting the campaign’s strategic approach to digital assets.
Bailey also highlighted the campaign’s commitment, saying: “We intend to raise a $100 million war chest for the campaign to ensure that the next president of the United States is pro-Bitcoin.” »
This development follows Trump’s recent decision Remarks at the Trump Cards NFT Gala, where he criticized the current administration’s stance on cryptocurrencies. Trump joked: “(Biden) has no idea. But look, (he’s) completely against it. Democrats are strongly opposed to it.” He further aligned himself with pro-crypto sentiments, stating: “If you like crypto in any form, and it comes in many different forms, if you are pro-crypto, you better vote for me. »
Bailey’s announcement sparked various reactions within the crypto community. Sweep (@0xSweep), a well-known crypto influencer, commented: “Bitcoin doesn’t need Trump. Trump needs Bitcoin. Bailey responded by emphasizing the mutual benefits of this alliance, suggesting a strategic partnership rather than unilateral dependence.
Bailey explained the potential impact of a pro-BTC presidency, saying: “As Bitcoin’s trajectory becomes undeniable this cycle, the establishment is going to fight us tooth and nail. A pro-Bitcoin presidency this buys us at least 4 years of status quo (maybe more). This outlook highlights the critical window of opportunity for the Bitcoin and crypto community to solidify its position within the US financial system.
Addressing the political nuances, Bailey asserted: “Bitcoin is not a partisan issue, it is apolitical. However, we will mobilize to defend ourselves. He clarified that community support is more about opposing the current administration than outright supporting Trump, saying, “We’re not voting for Trump per se, we’re vote against Biden. The only person to blame for this is Biden.
Bailey also made a bold statement about the community’s political influence: “It’s time for Bitcoin to elect the next president of the United States. » This statement highlights the growing recognition and potential influence of digital currencies in American electoral politics.
The dialogue between Trump, Bailey and the broader cryptocurrency community suggests a significant shift in the political landscape regarding digital assets. As the US presidential election approaches, candidates’ BTC policies could become a crucial issue in winning the election, influencing not only the future of the regulatory landscape but also acceptance and mainstreaming more of digital currencies in the American economy.
At press time, BTC was trading at $60,896.
Featured image from Euronews, chart from TradingView.com
