'Liking Bitcoin' Is Not Enough For US Government: David Bailey
David Bailey, a former Trump advisor, stated the US government must move beyond merely supporting Bitcoin to actual delivery of policy.Summary
David Bailey, former crypto advisor to the Trump administration and current CEO of KindlyMD, asserted at the Bitcoin Investor Week Conference that the US government's mere endorsement of Bitcoin is insufficient; tangible action is required for progress.
Bailey specifically pointed to the stalled Strategic Bitcoin Reserve plan, which Trump signed via executive order in March 2025, noting that a year later, the government has yet to begin accumulating Bitcoin outside of seized funds, and the exact holdings remain unclear.
Despite his call for action, Bailey remains bullish on Bitcoin's long-term success, believing it will prevail regardless of immediate government support, though he emphasized that widespread Bitcoin ownership among voters is key to achieving a conducive regulatory environment.
(Source：Cointelegraph)