“We need your immediate help to show legislators why they should support legislation to establish a Strategic Bitcoin Reserve,” reads the petition made by the Satoshi Act Fund, an organization that has been making efforts to get US politicians draft favorable laws for bitcoin.
In a few days More than 120,000 letters have been sent to politiciansin support of the creation of bitcoin reserves, says politician and bitcoiner Dennis Porter, who heads the Satoshi Act Fund.
The idea is that more people keep supporting the petition and increase the number of letters that are arriving both Republicans and Democrats. “Use this tool to send a message to your representatives urging them to take action and support the creation of a Bitcoin Strategic Reserve. Your voice can make a big difference,” the publication adds.
The request is made in order to achieve the approval of a bipartisan bill that establishes the guidelines for adding to the digital currency to the country’s strategic reserves. This, as a way to “diversify reserves and strengthen the economy”, taking into account the global growth experienced by Bitcoin.
In that sense, Porter has given support to the bill presented last July by Senator Cynthia Lummis, which is believed to be approved during the next United States government.
In this way, the request is made while waiting for the change of mandate that will occur next January, which will take Donald Trump back to the White House. A return in which the Republican is expected to fulfill the promises he made during his campaign, to support the Bitcoin ecosystem.
With this fact in mind, Porter – through the Satoshi Act Fund – is increasingly active in the fight to make bitcoin a strategic reserve, promoting its incorporation in the different US states.
As reported by CriptoNoticias, Porter assures that there are several candidates and state governors who have contacted the foundation in order to request advice on bitcoin reserves.
Based on this, Porter predicts that Bitcoin Strategic Reserve legislation will be introduced next year. “I can confirm that state legislators have contacted me today to request help,” he comments on the social network. He adds that “we will definitely be impressed when 2025 rolls around.”
In fact, this November 14, the Pennsylvania House of Representatives presented a bill that seeks to allow the state to keep BTC on its balance sheet as a reserve asset. Something similar happened in Florida, where the financial director proposed to reform laws for the inclusion of the digital currency as a reserve.
In this way, the movement in favor of the proposal grows throughout the country, thereby opening a battle that will involve making amendments to various regulations and will likely face resistance from many regulators.
