Director Of Policy And Public Affairs at Bitcoin Magazine Grant McCarty introduced the launch of a multi-faceted political effort at this time on the principle stage of Bitcoin 2022. These efforts embody the Bitcoin Advocacy Project (BAP), the Bitcoin Policy Institute (BPI) and the newly-registered Financial Freedom PAC, in any other case often called the Bitcoin PAC.
The Bitcoin Advocacy Project is a 501(c)(4) nonprofit group devoted to supporting and defending Bitcoin customers within the U.S. by preventing towards political efforts to shield self custody and proof of labor, in accordance to McCarty. As a part of its work, it has supplied the preliminary seed funding for 2 separate political organizations: the Bitcoin Policy Institute, a 501(c)3 Bitcoin-focused coverage suppose tank, and the Financial Freedom PAC, a hybrid PAC registered with the Federal Election Commission devoted to supporting and serving to elect proponents of Bitcoin.
BAP created candidate scorecards to monitor which politicians are pro-Bitcoin and which are anti-Bitcoin. BAP has additionally educated lawmakers on Bitcoin, and has helped lawmakers draft laws to shield proof of labor and bitcoin self custody. The final purpose is to construct a grassroots motion throughout the nation to combat for Bitcoin.
BAP introduced a “Nakamoto Grant,” which was awarded to the BPI. The institute launched a first-of-its-kind white paper on Bitcoin and national security. It has submitted statements for the document at congressional hearings and has had Bitcoin-focused content material positioned in dozens of mainstream media retailers, per McCarty.
“In addition, BAP supported the creation, development and funding of the Financial Freedom PAC — the first Bitcoin Super PAC that aims to elect Bitcoin champions and vote out anti-Bitcoin politicians like Brad Sherman and Elizabeth Warren. BAP has pledged $100,000 to get the Financial Freedom PAC off the ground and secured another half-million dollars in verbal commitments since the organization was filed.”
BAP’s said purpose is, “To bring about an orange wave across Washington.”
McCarty concluded, “Washington, this is your wake-up call; get with it or get out of the way.”