Even as the White House’s push for a federal crypto reserve stalled in 2025, many of the US states were considering and pulling the trigger on similar ideas, and much of this work was supported by Dennis Porter and the Satoshi Action Fund.
This feature is part of CoinDesk’s The list of most influential 2025.
A few of these efforts are reaching their goal in states like Texas, New Hampshire and Arizona, with more potentially on the way, taking off long before the US government’s bitcoin stockpile is much more than a proposal in search of congressional support. Porter and his cohorts have provided legislative language to spur action by state legislatures across the country.
His group’s work has contributed to the passage of at least 10 state laws, Porter said.
“Everywhere from New Hampshire to the state of California, our model policies have gone into law — where we not only created the model, but we showed up, testified, worked with legislators, hired lobbyists to help us, and had individuals write letters to legislators,” Porter said in an interview with CoinDesk.
The group’s “strategic bitcoin reserve” model became the first to pass “anywhere in the world,” he said. “We are a consumer and innovation focused group,” he said. “The majority of our support comes from individuals, which allows us to worry about the outcomes of policy for individuals rather than just the industry”
Porter, who had lived and worked in Portland, Oregon, began spending more time in Washington this year as federal policy work became more pressing, and he recently moved to the capital to advocate for crypto policies there full-time.
