Former CEO of Twitter and one of the most important names in the crypto money industry. Jack Dorsey definitely bitcoin‘to (BTC) has a serious interest in
Dorsey, who has repeatedly expressed his interest in BTC, has now taken a step directly to develop BTC developers and the ecosystem.
BTC Protection by Dorsey
Dorsey is creating a fund that will protect Bitcoin developers from potential lawsuits and legal trouble.
The reason behind Dorsey establishing such a fund is the lawsuits filed by Craig Wright.
Craig Wright’s company, Tulip Trading Fund, who claims to be Satoshi Nakamoto, has previously filed lawsuits against several Bitcoin developers.
Dorsey underlined that protection will be provided for them in an e-mail he sent to Bitcoin developers on January 12.
Dorsey emphasized that he took such a step against the possibility of being exposed to legal pressure, Bitcoin Legal Defense Fund introduced the legal protection fund.
The said fund will help developers with legal issues and ensure that they do not fall behind in their work.
For this, it is stated that the fund will determine important legal strategies and cover legal expenses.
Developers working on Bitcoin-based projects will benefit from this fund for free. Dorsey emphasized that the Lightning Network will also be used for these payments.
The fund will initially start with volunteer and part-time lawyers, followed by full-time paid lawyers.
in the fund Dorsey, Chaincode Labs co-founder Alex Morcos and Martin White exists.