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Key Points: Bitcoin Magazine seeks $100 million for political advocacy, potentially influencing midterms. CEO David Bailey threatens consequences for anti-Bitcoin lawmakers. Effort mirrors Fairshake PAC, targeting Bitcoin policy support. David Bailey, CEO of Bitcoin Inc., is reportedly considering raising over $100 million to create an organization to promote Bitcoin-related policies ahead of the U.S. midterm elections. He warned that lawmakers opposing the Bitcoin tax amendment may face electoral consequences. The initiative led by Bitcoin Magazine seeks to establish a political action committee-like entity, drawing inspiration from Fairshake PAC, to influence Bitcoin policy advocacy. David Bailey emphasized the potential repercussions for lawmakers opposing Bitcoin-friendly legislation, indicating the effort’s focus on shaping election outcomes. Bitcoin Magazine Targets $100 Million to Influence Elections Bitcoin Magazine’s move to raise over $100 million is seen as an attempt to influence U.S. midterm elections through advocacy for Bitcoin-friendly policies. The proposed organization, reminiscent of Fairshake PAC, aims to direct funds toward supporting Bitcoin legislation. The initiative, spearheaded by David Bailey, is expected to heighten Bitcoin’s presence in political arenas and hold lawmakers accountable for anti-Bitcoin actions. Such efforts underline Bitcoin Magazine’s commitment to embedding Bitcoin within mainstream financial and political systems. Community reactions have varied, with some praising the proactive advocacy, while others express concern over the politicization of cryptocurrency. Bailey’s public statement highlighting potential repercussions for anti-Bitcoin lawmakers has also drawn significant attention: “Any lawmakers voting against the Bitcoin tax amendment will face ‘repercussions’ in the upcoming midterm elections.” — David Bailey, CEO, BTC Inc. Bitcoin’s Market Impact and Regulatory Speculations Did you know? In the 2024 U.S. election cycle, Fairshake PAC raised approximately $80 million, setting a precedent for cryptocurrency-related political action groups intended to influence policymakers. According to CoinMarketCap, as of June 30, 2025, Bitcoin (BTC) is priced at $108,676.70, boasting a market…

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Filed under: News - @ June 30, 2025 1:23 am