Satoshi Action Fund (SAF) is actively working to ensure a favorable legal environment for Bitcoin in the US, having raised $300,000 of its $500,000 target for advocacy initiatives.
Current fundraising status by SAF
Dennis Porter, co-founder and CEO of Satoshi Action Fund, recently announced the collection of $300,000 towards their $500,000 goal. With two weeks remaining in the campaign, this achievement reflects SAF’s ongoing efforts to promote Bitcoin-friendly legislation at both state and federal levels.
Successes in promoting Bitcoin legislation
Aside from fundraising, SAF has been instrumental in advancing policies supporting Bitcoin and Bitcoin mining. The organization has initiated over 20 pieces of legislation, with four successfully becoming law. According to SAF’s official website, they have also engaged with over 2,000 lawmakers and participated in more than 20 public hearings, emphasizing Bitcoin’s potential benefits for the economy, society, and the environment.
Support for US BTC strategic reserve
SAF is also a strong advocate for establishing a strategic Bitcoin reserve in the US. This initiative is gaining support from prominent figures like Senator Cynthia Lummis and former President Donald Trump. The organization continues to work closely with legislators and the public to ensure Bitcoin’s adoption benefits society and fosters technological and economic growth.
Dennis Porter’s update not only informs about SAF’s fundraising progress but also serves as a reminder of the organization’s ongoing mission to create a favorable environment for Bitcoin and oppose policies that could limit its potential.
