David Bailey, CEO of BTC Inc, recently shared insights from a private discussion with former President Donald Trump, highlighting Trump's significant support for the Bitcoin community. Bailey reported that Trump committed to backing the community fully, aiming to elevate Bitcoin's status and outperform rival nations in this burgeoning field.
Bailey's series of tweets caused a stir, inciting both enthusiasm and skepticism. While many were encouraged by Trump's alleged endorsement, others questioned the authenticity of the claims. The skepticism was encapsulated by one user's comment: "Record the talk next time, because nobody I’m talking with believes these tweets."
Bailey addressed these doubts, reinforcing his adherence to ethical standards by stating, "I would never record a private conversation with the President and share it publicly to score points on the internet."
Amidst the dialogue sparked by Bailey's tweets, a user raised concerns about the Executive Order for the President’s Working Group on Digital Asset Markets, specifically regarding the potential inclusion of less valuable digital assets in a national reserve. Bailey clarified the scope of his conversation with Trump, acknowledging that while they discussed numerous topics in their brief ten-minute exchange, this particular issue was not raised.
Bailey's engagement with the Trump campaign, which began months prior, aimed at shaping policy discussions around cryptocurrency and blockchain technology. Bailey has been actively collaborating to develop a detailed bitcoin and crypto policy agenda, contributing to Trump's initiation of regulatory exploration in this sector.
This ongoing engagement highlights the increasing convergence of the cryptocurrency community with political discourse, as these discussions become prominent in national and global policy arenas. While not every concern of the community may have been directly addressed in Bailey's dialogue with Trump, it signifies an important step towards involving key figures in shaping the future policies governing digital assets in the United States.