According to information disseminated by bitcoiner policy specialist Dennis Porter, several US states are getting ready to include bitcoin (BTC) in their strategic reserves.
As the founder of Satoshi Act Fund points out in X, several candidates and state governors have contacted him to request advice on bitcoin reserves. Although he did not mention any state in particular, he noted that the idea is to implement this strategy once the governorships win.
Based on this, Porter predict 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.”
Ensures that the plan will be done in partnership with Satoshi Act Funda group that for several years has been working in several states promoting the advantages of bitcoin among politicians, including the defense of the mining industry and the approval of laws in favor of the use of BCT. The work has led to the approval of laws that favor mining and prevent the use of central bank digital currencies (CBDC).
The Foundation develops model policies with the purpose of informing policymakers and regulators about the benefits of cryptocurrencies, and how mining can be used as a tool to stabilize the power grid, grow the economy, and clean up the environment.
Now the development of the Bitcoin Strategic Reserve is included, according to Porter. A plan would be inserted within the favorable regulations for cryptocurrencies that he hopes the president-elect, Donald Trump, will implementonce he assumes the presidency of the United States next January.
As CriptoNoticias has reported, among the president’s main promises is the creation of a strategic reserve in bitcoin, based on the confiscated cryptocurrencies in the country’s custody, which amount to more than 200,000 BTC. Trump assured that he would include them as a reserve, committing to buy more BTC according to what new laws establish and allow to be approved.
In this context, it is expected that the bill presented last July by Republican Senator Cinthya Lummis, which establishes the guidelines for the creation of a strategic reserve in bitcoin, be approved during the Trump administration. This would facilitate the implementation of the plan at the federal level. In turn, state governors could move in this direction by making amendments or passing laws that allow reserves to be established at the state level.
In this regard, it is worth remembering the favorable laws for cryptocurrencies that have been enacted in several states, with the support of the Satoshi Act Fund. Recently, Detroit city officials announced that residents will soon have the option to pay taxes and other fees using digital currency. Colorado, Utah, and Louisiana have done the same.
In fact, in the latter state the Republican governor, Jeff Landry, enacted bill 488 last June, which defends the right to use bitcoin; while in Oklahoma the right to self-custody of cryptocurrencies is defended
It is also known that several federal agencies are collaborating to review the concept of money, with a view to including BTC and other cryptocurrencies. This is an important change in position that has been mobilized by Trump’s pro-cryptocurrency position. This regulatory push reflects the growing recognition of digital assets as important components of the US financial system.