Satoshi Action Fund To Announce New Strategic Bitcoin Reserve Bill

According to Odaily, Dennis Porter, co-founder and CEO of the Satoshi Action Fund (SAF), announced on the X platform that a new version of the 'Strategic Bitcoin Reserve' bill will be unveiled next week. This initiative follows the recent passage of the 'Bitcoin Rights' bill by the Pennsylvania House of Representatives, which was drafted by the external Bitcoin advocacy group, Satoshi Action Fund. The bill aims to assist legislators in understanding the nuances of blockchain technology and Bitcoin. SAF has been instrumental in drafting and passing similar legislation in 20 other states. Notably, four bills have successfully become law in Oklahoma, Louisiana, Montana, and Arkansas. These efforts reflect a growing trend among states to embrace and regulate Bitcoin and blockchain technologies, providing a framework for their integration into existing financial and legal systems. The upcoming announcement is expected to further this momentum, potentially influencing more states to consider similar legislative measures.