Dennis Porter, the president and founder of Satoshi Action Education, made a bold prediction: Up to 20 state-level Bitcoin reserve bills would be introduced starting this month. The SBR bills will be introduced in the Senate or the House, where they will be pushed for a hearing.
According to Satoshi Action, over 13 States are ready to introduce and pass the SBR legislation, which will position Bitcoin as a crucial tool for financial innovation and resilience. Satoshi Action is focused on doubling the number of States with pro-Bitcoin legislation in 2025.
Bills officially introduced to the Senate or House will be pushed for a hearing where 7-21 lawmakers will vote. A simple majority vote (>50%) in the hearing will move the bill onto a ‘floor vote’ where members in the chamber will vote ‘yea’ or ‘nay’ to pass the bill. All passed bills will then move to the second chamber, either to the House or Senate, depending on where the bill was initially introduced.
The SBR bill to follow a 6-step process over the coming months
MASSIVE BREAKING: Up to 20 ‘Strategic Bitcoin Reserve’ bills will be introduced at the state level – multiple bills in the same state – lawmakers competing aggressively to be the first in history.
The vast majority of these bills will be based on @SatoshiActFund SBR models. pic.twitter.com/ZCcqvGpf0G
— Dennis Porter (@Dennis_Porter_) January 7, 2025
The process will start this month in most states, and the legislative cycle is expected to end quickly as most states have part-time legislatures. A lot of the activity will take place in the next six months. Most of the States where Satoshi Action will be working will either have a strategic Bitcoin reserve by summer or they will not.
The process is expected to take longer in some states, such as Pennsylvania or Ohio, which have year-round legislatures. All bills that pass the first and second chambers through a simple majority vote will move to the Governor’s desk, where they will sit until the Governor signs or vetoes them. The legislation will become law once the Governor signs the bill.
“The benefit of working at the state level is there are fast and hard deadlines. A bill either sinks or swims very quickly. It’s a forcing mechanism for action.”
According to Porter, the policy process will be a lot of work, filled with landmines that could kill a bill at any moment. He added that Satoshi Action was keen on having multiple bills in multiple states simultaneously to increase the odds of the SBR legislation crossing the ‘finish line.’
Satoshi Action leads the charge on Strategic Bitcoin Reserve legislation
Satoshi Action, a non-profit led by Porter, disclosed that it would be at the forefront of setting the stage for historic progress. The non-profit announced its mission was to protect and advance Bitcoin adoption across the U.S. and worldwide. Satoshi Action said it would deliver real, measurable wins for Bitcoin through impactful initiatives, extensive research, and mass education for lawmakers.
So far, the non-profit has a proven track record of real wins for Bitcoin in just two years. Four pro-Bitcoin bills have already been passed, and about 20 states have introduced pro-Bitcoin legislation. The non-profit has also directly educated and influenced over 2,000 lawmakers, including all Congress members. Additionally, advocates mobilized by Satoshi Action have sent over 25K letters to Congress and over 200K letters to State lawmakers.
The non-profit claimed that it had repeatedly testified in support of Bitcoin and had defeated anti-Bitcoin policies at the federal and state levels. Satoshi Action developed nearly ten comprehensive research papers, including peer-reviewed publications, that pushed for a united bipartisan support for Bitcoin legislation. The non-profit was also responsible for activating other non-profits and trade associations to join the fight.
The organization made history by being the first to pass the ‘Right to Self-Custody’ and ‘Right to Mine’ into law in four states. The GOP was influenced to adopt these principles into their party platform after the rights sparked federal conversations. Satoshi Action claimed that most Bitcoin wins were directly tied to the organization’s efforts through research, policy victories, or advocacy.
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