Key Takeaways
- Satoshi Act Fund CEO claims 10 US states will introduce Strategic Bitcoin Reserve legislation.
- Satoshi Act Fund also seeks $500,000 in donations to support state-level Bitcoin legislation and advocacy efforts.
- Upcoming legislation aligns with broader goals, including bitcoin mining rights and combating debanking of crypto companies.
Strategic Bitcoin Reserve Legislation Gains Momentum in 10 US States
Dennis Porter, CEO of the Satoshi Act Fund, has confirmed plans for 10 US states to introduce Strategic Bitcoin Reserve legislation.
The legislation aims to establish state-level Bitcoin reserves, with Pennsylvania already permitting investment of up to 10% of state funds in BTC.
Porter declared that this initiative positions the United States as a global leader in Bitcoin adoption and innovation.
Fundraising Efforts and Legislative Challenges
The Satoshi Act Fund has launched a fundraising campaign to secure $500,000 to support the legislative effort across multiple states.
Porter emphasized the logistical challenges involved, including extensive travel and advocacy work required to pass the bills.
Supporters are encouraged to donate via the organization’s page, with a matching goal for the first $50,000 raised.
Broader Goals and Strategic Competition
The Satoshi Act Fund seeks to secure mining rights, self-custody rights, and node-running freedoms through associated legislation.
Ending 'Operation Chokepoint 2.0,' which has targeted Bitcoin-related companies, is another primary goal of the organization.
Porter highlighted competition with President-elect Donald Trump, aiming to pass state-level Bitcoin legislation before Trump establishes a federal SBR.
