Even as the White House push for a federal cryptocurrency reserve slowed down in 2025, many of the US states were contemplating and pulling the trigger on similar ideas, and much of that work was driven by Dennis Porter and the Satoshi Action Fund.
This feature is part of CoinDesk List of the most influential of 2025.
Some of those efforts are coming to a head in states like Texas, New Hampshire and Arizona, with several more potentially on the way, set to go live long before the US government’s bitcoin reserve is much more than a proposal seeking some congressional backing. Porter and his colleagues have provided legislative language to spur the efforts of state legislators 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 been signed into law, where we not only drafted the model, but we showed up, we testified, we worked with legislators, we hired lobbyists to help us, and we got people to write letters to legislators,” Porter said in an interview with CoinDesk.
The group’s “strategic bitcoin reserve” model became the first to be approved “anywhere in the world,” he said. “We are a group focused on consumers and innovation,” he said. “The vast majority of our support comes from individuals, allowing us to care about policy outcomes for individuals and not 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 recently moved to the capital to advocate for crypto policies there full-time.
