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Does Jack Dorsey have a bitcoin Legal Defense Fund?

Jack Dorsey, former Twitter CEO and current Bitcoin booster, has proposed the creation of a non-profit legal defense fund tasked with protecting Bitcoin developers from increasing litigation efforts. Dorsey's plans were revealed in an email transcript posted to Twitter by self-described "bitcoin enjoyoooor" Zack Voell.

Will block CEO Jack Dorsey set up a legal fund to help bitcoin developers?

Block CEO Jack Dorsey and others plan to set up a legal fund to help bitcoin developers, he said Wednesday. It will first help 16 developers who face a multibillion-dollar suit over access to bitcoin wallets. Dorsey has focused on crypto since leaving as Twitter CEO and has warned VCs threaten to dominate Web3.

Who is the bitcoin Legal Defense Fund?

So on Wednesday this week, 11 Bitcoin developers filed their defense with support from the Bitcoin Legal Defense Fund, a not-for-profit set up in 2021 by Twitter and Block (formerly Square) co-founder Jack Dorsey, Block’s head of litigation Martin White and Chaincode Labs co-founder Alex Morcos.

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