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crypto.news 2025-01-15 01:11:11

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

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

Dennis Porter’s update signals SAF’s ongoing work to secure Bitcoin’s place in U.S. policy. In a recent tweet, Dennis Porter, CEO and co-founder of Satoshi Action Fund, shared that the organization has raised $300,000 of its $500,000 fundraising goal, with two weeks remaining in the campaign. This announcement reflects SAF’s ongoing efforts to advocate for Bitcoin-friendly legislation at both state and federal levels, ensuring that Bitcoin ( BTC ) has a place in future regulatory frameworks. BREAKING: Satoshi Action has now raised $300,000 out of our 60 day $500,000 goal. We have two weeks left! — Dennis Porter (@Dennis_Porter_) January 15, 2025 Beyond fundraising, SAF has been a driving force in advancing BTC and BTC mining policies. Over 20 pieces of legislation have been introduced, with four successfully becoming law. Also, as per SAF’s official website , The organization has also engaged with over 2,000 state and federal lawmakers and participated in more than 20 public hearings to highlight BTC’s potential to benefit the economy, society, and the environment. SAF advocates for the role of BTC mining in supporting grid stability and sustainability. You might also like: Bitcoin advocate hints at ‘strategic reserve’ laws in 10 US states Additionally, SAF has been a key advocate for the establishment of a U.S. strategic BTC reserve. The idea has gained momentum, supported by prominent figures such as Senator Cynthia Lummis and former President Donald Trump. The organization continues to work closely with legislators and the public to ensure BTC’s adoption benefits the broader society and fosters technological and economic growth. Porter’s tweet not only provides an update on SAF’s fundraising progress but also serves as a reminder of the group’s ongoing mission to create a favorable environment for BTC while opposing policies that could limit its potential. You might also like: California Lawmaker Proposes New Bill to Adopt BTC as Legal Tender

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