The Satoshi Action Fund (SAF) has raised $300,000 of its $500,000 fundraising target, signaling strong momentum in its mission to advocate for Bitcoin-friendly legislation in the United States. Dennis Porter, CEO and co-founder of SAF, shared the update via a tweet, revealing that there are two weeks remaining in the campaign.
The funds raised are part of SAF’s broader strategy to influence policy at both the state and federal levels, ensuring Bitcoin’s place in future regulatory frameworks. The organization has been instrumental in advancing Bitcoin and Bitcoin mining policies, with over 20 pieces of legislation introduced, four of which have successfully become law.
SAF has also engaged with more than 2,000 lawmakers and participated in over 20 public hearings, where it has highlighted Bitcoin’s potential to positively impact the economy, society, and the environment. A key area of SAF’s advocacy includes supporting the role of Bitcoin mining in enhancing grid stability and sustainability.
In addition to these efforts, SAF has championed the establishment of a U.S. strategic Bitcoin reserve, a concept gaining traction with influential figures such as Senator Cynthia Lummis and former President Donald Trump. SAF continues to work closely with legislators to promote policies that encourage Bitcoin adoption, while opposing any measures that could restrict its growth potential.
Porter’s tweet not only marks a fundraising milestone but also serves as a reminder of SAF’s ongoing mission to create a regulatory environment that supports Bitcoin’s advancement.
