Jimmy Song and a group of seven writers plan that this book will minimise policymakers' dependence on traditional media's description of Bitcoin and cryptocurrencies
A group of eight Bitcoin (BTC) admirers have released a Kickstarter campaign to publish an educational book for federal policymakers in America, to decrease their dependence on the traditional media's narrative on cryptocurrencies. The campaign obtained $23,151 in funding, almost five times its target of $5,000.
The book was envisioned shortly after the United States House of Representatives passed the $1.2 trillion bipartisan infrastructure bill, which requires the crypto community to comply with strict reporting requirements. The authors say, “We set out to write a book to help policymakers understand where Bitcoin users are from and what they care about. We want to dispel the notion that it's nerd money and show how it's impacting so many people in America.”
Jimmy Song, a Texas-based crypto businessman and experienced author, launched the Kickstarter. Annaliese Wiederspahn, Gary Leland, Pete Rizzo, Amanda Cavaleri, CJ Wilson, Charlene Fadirepo, and Lamar Wilson are among the other authors.
The manuscript for the Bitcoin book has been conscripted and will be finalised by the end of 2021, as per the schedule. The authors aim to have the audiobook and softcover available to buy by January, which will be accompanied by a "book launch event in Washington DC to promote this book."
Although the Bitcoin book authors have already planned $5,000 for the book's production, the remaining funds will be invested in the book's launch party:
“As authors of this book, we recognized that the impressions in Washington were far from the reality and sought to correct this perception.”
Federal Reserve chair Jerome Powell, who supported the Bitcoin book's initiative to discover the ecosystem for regulators, suggested a lack of concern about crypto disturbing the country's financial stability.
According to Powell, stablecoins can expand, “particularly if they were to be associated with one of the very large tech networks that exist.”