Bitcoin Magazine CEO: "Will Establish a Cryptocurrency Super PAC Worth $100 Million"
Suehyeon Lee
Summary
- David Bailey, CEO of Bitcoin Magazine, has unveiled plans to establish a cryptocurrency super PAC with a budget exceeding $100 million.
- Bailey stated that through the super PAC, he will take action in the midterm elections against lawmakers who vote against the Bitcoin tax amendment.
- He stated that tomorrow’s scheduled vote on the Bitcoin tax amendment includes a plan to exempt capital gains tax for small cryptocurrency investments under $600.
David Bailey, Chief Executive Officer (CEO) of Bitcoin Magazine, has announced plans to form a cryptocurrency super PAC (political action committee) with a budget exceeding $100 million.
On the 30th (local time), Bailey stated on his X account, "Together with Fairshake, we plan to establish a cryptocurrency super PAC with a budget exceeding $100 million" and added, "We will make sure to hold accountable in the midterm elections the lawmakers who vote against tomorrow’s scheduled Bitcoin tax amendment."
Meanwhile, tomorrow's scheduled vote on the Bitcoin tax amendment includes a plan to exempt capital gains tax for small crypto investments under $600.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
