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Bitcoin Adviser to Trump Eyes $200M PAC to Push Crypto Agenda
David Bailey, a longtime Bitcoin advocate and adviser to President Donald Trump, is looking to raise up to $200 million to fund a political action committee aimed at pushing Bitcoin-friendly policy in the U.S. Bailey, who leads Bitcoin Magazine and BTC Inc., posted on X over the weekend that he’s considering a PAC anchored by his Bitcoin treasury firm, Nakamoto Holdings, which raised $300 million earlier this year. The goal, he said, is to back candidates and initiatives that advance Bitcoin’s standing in Washington. “I’m thinking about raising a $100m–$200m PAC, anchored by Nakamoto, to advance Bitcoin ... (full story)
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