Bitcoin Advocacy Project Launches Super PAC
Director of Policy and Public Affairs at Bitcoin Magazine, Grant McCarty, announced the launch of a multi-faceted political effort today on the main stage of Bitcoin 2022. These efforts include the Bitcoin Advocacy Project (BAP), the Bitcoin Policy Institute (BPI) and the newly registered Financial Freedom PAC otherwise known as The Bitcoin PAC.
The Bitcoin Advocacy Project is a 501(c)(4) nonprofit organization dedicated to supporting and defending Bitcoin users in the U.S. by fighting against political efforts to protect self-custody and proof of work. As part of their work, they have provided the initial seed funding for two separate political organizations: the Bitcoin Policy Institute, a 501(c)3 Bitcoin-focused policy think tank, and the Financial Freedom PAC, a hybrid PAC registered with the Federal Election Commission dedicated to supporting and helping elect proponents of Bitcoin.
BAP created candidate scorecards to track which politicians are pro-Bitcoin and which are anti-Bitcoin. BAP has educated lawmakers on Bitcoin as well as helped lawmakers draft legislation to protect proof of work and bitcoin self-custody. The ultimate goal is to build a grassroots movement across the country to fight for Bitcoin.
BAP announced a “Nakamoto Grant,” which was awarded to the BPI. The institute released a first-of-its-kind whitepaper on Bitcoin and national security. They have submitted statements for the record at congressional hearings and have had thoughtful, objective and accurate Bitcoin content placed in dozens of mainstream media outlets.
“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.” -McCarty
BAP’s stated goal is, “To bring about an orange wave across Washington.” The many facets of the Bitcoin Advocacy Project, Bitcoin Policy Institute and Financial Freedom PAC will lead the way toward regulatory clarity and hyperbitcoinization.
McCarty concluded, “Washington, this is your wake-up call; get with it or get out of the way.”
