Dennis Porter, CEO and co-founder of the Satoshi Action Fund (SAF), recently announced via Twitter that the organization has raised $300,000 of its $500,000 fundraising target, with two weeks remaining in the campaign. This marks a significant step in SAF’s efforts to push for Bitcoin-friendly legislation at both state and federal levels, aiming to secure Bitcoin’s place in future regulatory frameworks.
SAF has played a pivotal role in advancing policies related to Bitcoin and Bitcoin mining. To date, over 20 pieces of legislation have been introduced with four successfully becoming law. Additionally, the organization has engaged with more than 2,000 state and federal lawmakers and participated in over 20 public hearings, advocating for Bitcoin’s potential to benefit the economy, society, and the environment. A key aspect of SAF’s mission includes promoting the role of Bitcoin mining in enhancing grid stability and sustainability.
Furthermore, SAF has been a vocal supporter of establishing a U.S. strategic Bitcoin reserve—a concept that has gained traction among influential figures such as Senator Cynthia Lummis and former President Donald Trump. The organization continues to collaborate closely with lawmakers and the public to ensure Bitcoin’s broader adoption and its positive impact on technological and economic growth.
Porter’s fundraising update underscores SAF’s continued mission to cultivate a favorable environment for Bitcoin while opposing regulatory measures that could hinder its potential.
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