According to Dennis Porter, Utah could be the first U.S. state to pass a strategic Bitcoin reserve law. Porter noted the political activity and rapid legislative movement in the state.
Dennis Porter's Forecast
Dennis Porter, CEO of the Satoshi Act Fund, stated in an interview with Simply Bitcoin and Republican Senator Cynthia Lummis that 11 states have already introduced legislation on this topic. Porter expects this number to reach 15 by the end of 2025.
Utah's Success in Legislative Initiatives
Utah has been identified as a potential leader due to its active efforts in adopting laws. The state's digital asset taskforce has successfully completed its legislative cycle, including a Bitcoin reserve law.
Support from Senator Lummis
Senator Cynthia Lummis supports the establishment of a strategic Bitcoin reserve and is working on forming a bipartisan coalition to pass the law at the federal level.
Establishing a strategic Bitcoin reserve could open new horizons for cryptocurrency regulation in the U.S. The question is which state will be the pioneer, but Utah's leading role is already visible.
