Bitcoin Magazine CEO Discloses Links With Trump Campaign: "It's Time for Bitcoin to Elect the Next President"
Bitcoin Magazine's CEO clarified that his actions were not in favor of Trump but of Bitcoin, stating that his current actions represented an answer to the anti-crypto direction of the Biden administration and some Democrats
Bitcoin is becoming a relevant matter ahead of the next U.S. presidential elections. David Bailey, CEO of Bitcoin Magazine, revealed that his team had been advising the campaign of former President Donald Trump to develop a bitcoin and cryptocurrency-friendly policy. Bailey also mentioned an executive order presented to Trump that would be signed on his first day back in power, focusing on the cryptocurrency issue, without providing further details.
Trump, who had previously expressed his negative stance towards bitcoin and cryptocurrency, changed his mind this week, stating that his hypothetical future administration would embrace bitcoin. At the same time, Trump criticized President Biden, emphasizing that he did not even know what crypto was.
Bailey highlighted the benefits that a crypto-friendly administration would bring to the industry in the U.S., announcing that his team intends to raise $100 million to develop a campaign to "ensure the next President of the United States is pro-Bitcoin."
Bitcoin Magazine's CEO clarified that his actions were not in favor of Trump but of Bitcoin, stating that his current actions represented an answer to the anti-crypto direction of the Biden administration and some Democrats.
Bailey stated:
"We will mobilize to defend ourselves. We're not voting for Trump per se, we're voting against Biden. The only person to blame for that is Biden."
"It's time for Bitcoin to elect the next President of the United States," he concluded.
Standard Chartered Bank's head of FX Research and Digital Assets Research, Geoff Kendrick, also believes that a Trump second term would be "broadly positive," bringing a "more supportive" regulatory environment for the industry.
