Summary
- Dennis Porter says many Europeans ask him if he would launch a Satoshi Action Fund in the EU.
- Pennsylvania just passed a bipartisan bill crafted by his fund that protects BTC users.
CEO and co-founder of Satoshi Act Fund, Dennis Porter, is open about supporting Europe in adopting Bitcoin and teaching people how to win with it.
Europe Could Soon See a Satoshi Action EU Fund
In a recent post via X, he noted that a lot of Europeans regularly ask him if he would launch a Satoshi Action EU fund.
He said that if Europeans are open to it, he is happy to sit down with a group and explain in detail how they are able to secure wins and funding in the USA for Bitcoin.
Someone on X advised Porter to contact EBEA – European Bitcoin Energy Association, a group that develops an understanding of Bitcoin mining and its relationship with energy infrastructure.
Satoshi Act Fund Supports Bitcoin Adoption and Rights in the USA
Satoshi Act Fund is an important entity supporting Bitcoin users in the US. Just recently, Porter, the group’s CEO, announced that Pennsylvania passed a bipartisan bill that brings more regulatory clarity for Bitcoin and crypto while supporting and accelerating adoption.
The recently passed bill dubbed Bitcoin Rights Bill will ensure the following:
- Protecting users’ rights to self-custody digital assets
- Offering users the ability to use Bitcoin as a payment
- Offering explicit guidelines around taking BTC transactions
SAF helped write and pass similar legislation in 20 other states. The group aims to help mainstream crypto adoption, encouraging state lawmakers to establish clearer regulations and normalize it as a way of transaction.
Pennsylvania is a key state in the US elections, and, as Porter recently highlighted via X, the latest achievement regarding crypto only adds to its value.
Codifying Bitcoin Rights Into Law
Bitcoin has been seeing increased adoption worldwide, especially in 2024, catalyzed by the launch of BTC ETFs in the US and a surging awareness of the importance of having an alternative to the traditional financial system.
Bitcoin managed to become a focus for both parties of the elections and also became a subject during the BRICS recent summit.
Porter also said in a post on X today that the ability to self-custody Bitcoin is a fundamental right that must be actively protected.
According to him, codifying it into law is a necessary step in ensuring people can freely access Bitcoin without fear of government overreach.