Even as the White House’s push for a federal crypto reserve slowed down in 2025, many U.S. states were considering and pushing similar ideas, and much of this work was supported by Dennis Porter and the Satoshi Action Fund.
This feature is part of CoinDesk 2025 Most Influential List.
A few of these efforts are coming to a head in states like Texas, New Hampshire, and Arizona, and several more are potentially underway, long before the U.S. government’s bitcoin stockpile is much more than a proposal seeking congressional support. Porter and his acolytes provided legislative language to boost the efforts of state lawmakers across the country.
His group’s work helped pass at least 10 state laws, Porter said.
“Everywhere from New Hampshire to the state of California, our model policies have been adopted – where we not only developed the model, but we showed up, testified, worked with legislators, hired lobbyists to help us, and got individuals to write letters to legislators,” Porter said in an interview with CoinDesk.
The group’s “strategic bitcoin reserve” model became the first to be adopted “anywhere in the world,” he said. “We are a consumer-driven, innovation-driven group,” he said. “The vast majority of our support comes from individuals, which allows us to care about policy outcomes for individuals rather than just industry.”
Porter, who had lived and worked in Portland, Oregon, began spending more time in Washington this year as federal policy work became more urgent, and he recently moved to the capital to advocate for crypto policies full time.
