The push for state-level Bitcoin reserves is gaining steam, with Satoshi Action Fund CEO Dennis Porter noting that these efforts could directly support a national strategic Bitcoin reserve bill.
Speaking with Roundtable host Scott Melker, Porter revealed that U.S. Senator Cynthia Lummis is working on a federal bill, and the groundwork being laid by individual states could help drive its success.
“We are very big supporters of Senator Lummis and her bill to create a strategic Bitcoin reserve at the national level,” Porter said. “By passing this legislation into law at the state level, we create additional political support for her bill to get across the finish line.”
While Bitcoin has seen strong backing from Republican lawmakers, Porter pushed back against the idea that this is purely a partisan issue. He argued that Democrats will eventually recognize Bitcoin’s value, just as Republicans have.
“Republicans see Bitcoin as small government and sound money. Democrats, on the other hand, will realize that it’s the most inclusive monetary system in history,” he explained. “It doesn’t matter your age, gender, or political beliefs—you cannot be discriminated against in Bitcoin.”
Porter noted that Bitcoin-related bills have already been introduced in Democratic-led states like Oregon and Massachusetts, signaling that support is expanding. However, he acknowledged that unlike Republicans, Democrats lack strong political figures championing Bitcoin on a national scale.
“The biggest problem is we haven’t seen trusted Democratic leaders step up like Senator Lummis has for Republicans,” he said. “We need that to change.”
The race to be the first U.S. state to pass a Bitcoin reserve bill is heating up. Porter emphasized that once one state succeeds, others will quickly follow, drawing a comparison to historical movements.
“Wyoming was the first to grant women the right to vote, and that set off a domino effect,” he said. “The same thing will happen with Bitcoin reserves. No one wants to be first, but once one state does it, the others will rush to catch up.”
Wyoming has already played a major role in Bitcoin adoption, implementing crypto-friendly policies, but it may not be the first to pass a Bitcoin reserve bill. Other states like Utah and North Carolina are making rapid progress, and competition is intensifying.
For those wanting to help push these bills forward, Porter advised reaching out to lawmakers directly.
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