Trump Adviser Plans $200M Bitcoin PAC to Shape U.S. Crypto Policy
David Bailey, a Bitcoin advocate and adviser to President Donald Trump, has announced plans to launch a powerful political action committee (PAC) with a fundraising target of $100 million to $200 million. The goal? To push pro-Bitcoin policies at the highest levels of U.S. government and influence the future of cryptocurrency legislation.
Bailey, a prominent figure in the Bitcoin space and founder of several major crypto ventures, envisions the PAC as a long-term tool to help drive Bitcoin adoption and protect the decentralized ethos of the technology. His vision includes pushing for massive changes in U.S. policy to support Bitcoin, with an ambitious target of eventually seeing Bitcoin reach $10 million in value per coin.
Building a Political Force for Bitcoin
Bailey has positioned the PAC to bring the Bitcoin community into the political arena with real power. He is crowdsourcing ideas from Bitcoin supporters about what specific policies the PAC should focus on. So far, the suggested priorities include eliminating capital gains taxes on Bitcoin, protecting self-custody rights, shielding open-source developers from liability, introducing Bitcoin education in schools, and allowing sovereign debt to be paid in Bitcoin.
This grassroots approach is intended to ensure the PAC reflects the values of Bitcoiners, not just financial interests. By organizing political capital around Bitcoin’s core principles, Bailey hopes to institutionalize crypto in American policymaking without compromising its decentralized roots.
The initiative mirrors earlier efforts by major crypto firms that have poured millions into U.S. elections to support blockchain-friendly lawmakers. Bailey’s PAC, however, stands out because it’s entirely Bitcoin-focused and community-driven rather than driven by large exchanges or private companies.
Still, the plan raises some questions. There are concerns about how shareholders and regulators might see a company backing the PAC. Critics caution that using company funds to support political causes can create legal risks, especially if investors believe their interests are being sidelined. Bailey has downplayed these concerns, suggesting the PAC would be structured carefully to separate business from political activities.
What Comes Next
Once launched, the PAC will be officially registered and operate within campaign finance regulations. It will raise money from individual and institutional donors who support Bitcoin’s future in the U.S. political and economic system. Those funds will then be used to support candidates, lobby lawmakers, and campaign for laws that protect and promote Bitcoin innovation.
The announcement adds to a growing trend of cryptocurrency entering American politics. With Bitcoin gaining more mainstream attention and influence, efforts like Bailey’s PAC could play a key role in shaping how the technology is regulated, taxed, and integrated into public policy.
For now, Bailey’s push signals that Bitcoin’s next frontier may not be technological but political.
