Satoshi Action Fund Raises $300,000 in Ongoing Efforts to Secure Bitcoin’s Place in U.S. Policy

Dennis Porter, CEO and co-founder of Satoshi Action Fund, recently shared that the organization has made significant progress in its fundraising campaign. With two weeks remaining, SAF has raised $300,000 of its $500,000 goal, demonstrating its ongoing commitment to advocating for Bitcoin-friendly legislation at both state and federal levels.

Advancing Bitcoin and Mining Policies

Beyond fundraising, SAF has been a driving force in advancing Bitcoin and Bitcoin mining policies. The organization has successfully introduced over 20 pieces of legislation, with four becoming law. SAF has also engaged with over 2,000 state and federal lawmakers and participated in more than 20 public hearings to highlight the potential benefits of Bitcoin for the economy, society, and the environment.

SAF advocates for the role of Bitcoin mining in supporting grid stability and sustainability. Some of the key points highlighted by the organization include:

  • Grid stability: Bitcoin mining can help stabilize the grid by providing a flexible and responsive load.
  • Sustainability: Bitcoin mining can promote the use of renewable energy sources and reduce carbon emissions.
  • Economic benefits: Bitcoin mining can create jobs and stimulate local economies.

Advocating for a U.S. Strategic Bitcoin Reserve

SAF has been a key advocate for the establishment of a U.S. strategic Bitcoin reserve. The idea has gained momentum, with prominent figures such as Senator Cynthia Lummis and former President Donald Trump expressing support. The organization continues to work closely with legislators and the public to ensure that Bitcoin’s adoption benefits the broader society and fosters technological and economic growth.

“We have two weeks left to reach our fundraising goal, and we’re committed to continuing our work to create a favorable environment for Bitcoin in the U.S.”

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