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Trump advisor $ 200 million bitcoin focused PAC

by Hammad khalil
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US President Donald Trump’s entrepreneur and bitcoin consultant David Bailey, demanding a political action to pursue bitcoin’s interests in the US, is demanding raising $ 200 million for a committee.

Belly, a serial Entrepreneur and Bitcoin Magazine and the founder of BTC Inc., serve as the Presidential campaign of a durable Trump and is creative with being a central film axis.

“I have learned a lot about politics and how the game is played this year. Sunday, Nakamoto Holdings, referring to their bitcoin Treasury Company.

Source: David Bailey

The US PAC raises funds through donations, and then donates money to specific political candidates, parties and reasons.

Fairshek is one of the most prominent crypto-related PACs, supported by Crypto companies including coinbase and ripple labs. It spent an estimated $ 130 million during 2024 users, to support candidates with a pro-crypto trend and oppose people with anti-crypto trends.

Sending bitcoin to the moon is a priority

One of the major priorities of the proposed platform is to send the price of bitcoin (BTC) to $ 10 million, according to Bailey, and bringing it into a “long -term” position.

Belly should also focus on the proposed PAC to consider other priorities, focus on the proposed PAC, with Stephen Livera, a bitcoin podcaster, focusing on ending capital gains on the sale of bitcoins and focusing on protecting the rights of self-centers.

Alex Gladstein also had several suggestions with the Chief Strategy Officer of the Human Rights Foundation, in which the PACs should push for legal protection for high schools and allow foreign counties that are owed to the US to pay debass in bitcoin.

Source: Alex Gladstein

Bitcoin investor, research analyst and Advisor to the Texas Bitcoin Foundation, Tur Demster said, “The most important thing for American peace and prosperity is that it is related to bitcoin, returning to full reserve banking,” where they are requested to deposit 100% deposits of their customers in reserve.

Other spasting from users promoting bitcoins, pushing for more bitcoin ATMs, and federal funding for bitcoin additions.

Bitcoin CEO says Bailey needs to walk carefully

Belly established the bitcoin holding company Nakamoto Holdings, which raised $ 300 million to launch in May, as well as other undertakings such as Hedge Fins 210K Capital, which Bloomberg said in the Jelle 18 report that 18 stated in the Jelle 18 report that 18 heavily invited publicly in publicly trading companies with bitcoin treasurers.

However, Charles Alan, CEO of BTC, a publicly trading company, said that due to these connections, Bailey needs to “walk very carefully”.

He said, “I am doing your duties for shareholders, if you anchor political efforts with a public company funds, you can stare at yourself the barrel of a square-carriage case for violating Fiduri duty,” he said.

Belly said it was a “good response, but argued that” with the support of Fairshahek “was not an issue for the coinbase.”

“Ask Sharemight whether that approach is still understandable now in a supporter-crypto environment. Carefully walks,” Alan said.

Source: Charles allen

Cointelegraph reached Bailey for further comment.

Generally, PACs include appointing a treasurer to handle the fund, registration with the US Federal Election Commission and financial reports with the agency.

Connected: Industry says for immediate crypto law reforms after Australian elections

Crypto companies emphasize political location

Crypto companies spent more than $ 134 million in the 2024 use elections. Election and pro -pre -enders were crypto scenes with election floods.

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