Satoshi Action Fund raises $300,000 as it advances Bitcoin advocacy

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Dennis Porter’s update signals SAF’s ongoing work to secure Bitcoin’s place in U.S. policy.

In a recent tweet, Dennis Porter, the CEO and co-founder of Satoshi Action Fund, disclosed that they have so far gathered $300,000 out of their target $500,000 for fundraising, with just two weeks left in the campaign. This revelation underscores the continuous work of SAF to push for Bitcoin-friendly laws at both state and national levels, aiming to secure a role for Bitcoin (BTC) within future regulatory structures.

As a researcher involved in the Satoshi Action project, I’m thrilled to announce that we’ve managed to gather an impressive $300,000 so far in our 60-day fundraising campaign. With only two weeks remaining, we’re one step closer to reaching our ambitious goal of $500,000. Let’s keep the momentum going!

— Dennis Porter (@Dennis_Porter_) January 15, 2025

Through both fundraising efforts and policy advocacy, the SAF (Secure and Fair Enforcement) has been instrumental in promoting Bitcoin (BTC) and related mining practices. To date, over 20 legislative proposals have been put forth, with four of them being enacted into law. Furthermore, according to their official website, SAF has interacted with over 2,000 state and federal representatives and taken part in more than 20 public discussions to underscore the economic, societal, and environmental advantages of Bitcoin. The organization advocates for the role of BTC mining in maintaining grid balance and sustainability.

Furthermore, SAF has been a strong proponent for setting up a strategic Bitcoin (BTC) reserve in the U.S. This proposal is gaining traction, backed by influential figures like Senator Cynthia Lummis and ex-President Donald Trump. SAF collaborates with lawmakers and the public to make sure the adoption of BTC brings about societal advantages and promotes technological and economic progress.

In his tweet, Porter shares the latest advancements in SAF’s fundraising efforts and at the same time, underlines the continuous goal of the group to foster a supportive setting for Bitcoin, all while standing against regulations that might hinder its growth potential.

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2025-01-15 04:11