Bitcoin Magazine executives plan to establish a 100 million yuan organization to promote Bitcoin policy.

According to Gate News bot, BlockBeats reported that on June 30, Bitcoin Magazine CEO David Bailey revealed that he is planning to establish an organization similar to "Fairshake PAC", with an expected fundraising scale of over $100 million. The organization will focus on promoting policy-making related to Bitcoin.

Bailey also issued a warning, stating that any lawmakers voting against the Bitcoin tax amendment in the upcoming midterm elections will face "retribution".