Fascinating developments are unfolding in the United States amid the election race, especially in the field of digital assets. Surprisingly, former US President Donald Trump has embraced Bitcoin. According to David Bailey, CEO of Bitcoin Magazine, the publication is collaborating with the Trump team to develop a regulatory project aimed at overseeing the crypto market in the United States. Bailey suggests that if Trump wins the 2024 election, he will enact this decree on his inaugural day in office.
In collaboration with Bitcoin Magazine, the team of the Republican presidential candidate has already drafted a cryptocurrency regulatory proposal. "For the past month we have been working with the Trump campaign to develop their bitcoin and crypto policy agenda. We proposed a comprehensive executive order for President Trump to sign on day 1," Bailey said.
To confirm his words, Bailey is ready to disclose some project details. In addition, the management of Bitcoin Magazine will participate in fundraising efforts for the billionaire's presidential campaign. The company plans to raise $100 million, as stated by its CEO.
Bailey also noted that the attitude towards Bitcoin and other cryptocurrencies would determine the next American president. According to some analysts, Trump’s victory would be the most beneficial outcome for the crypto community in the US.
Earlier, Donald Trump announced that his presidential campaign would accept donations in digital assets.
