Trump Adviser David Bailey Plans Bitcoin PAC Worth Up to $200M

David Bailey, a longtime Bitcoin advocate and adviser to the U.S. President Donald Trump, is planning to raise between $100 million and $200 million for a political action committee (PAC) dedicated to advancing Bitcoin’s interests in the United States. The initiative, anchored by his Bitcoin treasury firm Nakamoto Holdings, aims to influence legislation, promote Bitcoin-friendly candidates, and push for regulatory reform.

Priorities Suggested by the Community

Bailey opened the floor on X (formerly Twitter), asking the community to suggest priorities for the PAC. Some key suggestions include:

• Capital Gains Reform: Eliminate or reduce capital gains tax on Bitcoin to promote spending and holding.
• Self-Custody Protection: Legally guarantee that users can store Bitcoin privately without third-party custodians.
• Open-Source Protection: Shield Bitcoin developers from legal liability under U.S. law.
• Bitcoin Education: Include Bitcoin literacy in school curriculums.
• Sovereign Debt in BTC: Allow other countries to pay their U.S. debt obligations in Bitcoin.

These ideas reflect a mix of policy, education, and infrastructure development, aimed at making Bitcoin more accessible and resilient within the U.S. financial system.

Bailey’s public goal is seeing Bitcoin reach $10 million per coin. However, the PAC’s operational focus is on legislative groundwork—especially as the regulatory landscape remains uncertain.

Background: Who Is David Bailey?

David Bailey is the CEO of BTC Inc. and the founder of Bitcoin Magazine. He has been a notable figure in the crypto space for over a decade and served as a Bitcoin adviser during Donald Trump’s 2024 presidential campaign. He also manages Nakamoto Holdings, a Bitcoin holding company that raised $300 million in May 2025.

Bailey was instrumental in shaping Trump’s more Bitcoin-friendly stance during the campaign, pushing discussions around self-custody rights and regulatory clarity.

How the PAC Would Work

U.S. political action committees (PACs) raise money through private donations and use those funds to support political candidates, parties, or causes. Bailey’s PAC would register with the Federal Election Commission (FEC), appoint a treasurer, and regularly file disclosure reports to ensure compliance with federal election laws.

In recent years, crypto-related PACs have gained traction. For instance, Fairshake, backed by Coinbase and Ripple Labs, spent $40.66 million to support pro-crypto candidates and oppose those against the sector. Bailey hopes to follow a similar model but with a stronger Bitcoin-specific focus.

Not Without Risk: Legal and Corporate Concerns

Despite the momentum, there are concerns about how such a PAC might operate, especially when linked to public companies. Charles Allen, CEO of publicly traded crypto firm BTCS, warned that using corporate funds for political goals could lead to shareholder disputes or even lawsuits.

“If you anchor political efforts with public company funds, you may find yourself staring down the barrel of a class-action lawsuit,” Allen said.

Bailey responded by citing Coinbase’s involvement in Fairshake as precedent, suggesting it can be done responsibly. However, critics stress that corporate PAC involvement must be handled cautiously and transparently.

Bitcoin in U.S. Politics

Crypto policy is increasingly becoming a mainstream political issue. In 2024, several candidates across both major parties adopted crypto-related platforms. The influence of digital assets in political circles has grown due to increasing adoption, financial interest, and global competition over digital currency regulation.

Bailey’s move is seen as part of this broader shift—where Bitcoin is no longer a fringe issue but a serious economic and regulatory matter. His goal is to ensure that Bitcoin has a seat at the table as U.S. lawmakers shape digital asset policy.

This came a few days after the US SEC unveiled “Project Crypto,” a parallel initiative to modernize securities laws for blockchain assets.

FAQs

1. What is David Bailey’s role in Trump’s Bitcoin policy?
   Bailey served as a Bitcoin adviser during Trump’s 2024 campaign and helped shape pro-Bitcoin talking points and strategies.

2. What would the $200M Bitcoin PAC do?
   The PAC aims to support Bitcoin-friendly candidates and push for laws that favor Bitcoin adoption, tax reform, self-custody, and education.

3. Are there legal risks to the PAC?
   Yes. Experts warn that using corporate funds for political advocacy may raise fiduciary concerns, especially if not clearly separated from public business entities.

Future Outlook: A Political Bet on Bitcoin

While Bailey’s $10 million BTC price target is aspirational, the real work lies in aligning policy with Bitcoin’s long-term role in the economy. That includes favorable tax policies, reduced regulatory pressure, and broader public education on digital assets.

If the PAC successfully raises and deploys $200 million, it could significantly shape U.S. crypto policy for years to come. However, its success will depend on compliance, strategy, and broader public support.

Resources: 

1. The White House Crypto Policy Report: https://www.whitehouse.gov/crypto/

2. Fairshake PAC website: https://www.fairshakepac.com/

3. Follow The Crypto Data: https://www.followthecrypto.org/committees/C00835959