Our Proof-of-Work
Satoshi Action Fund is dedicated to protecting Bitcoin and digital assets. We believe this technology will have a positive impact on the economy, the grid, and the planet.
We believe in making progress by ensuring governments adopt Bitcoin and Bitcoin mining.
We have been building relationships...
...passing our policy into law
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We passed our 'Right to Mine' Bitcoin bill into law in the state of Arkansas and Montana. Both were signed into law in 2023.
Both law protects miners from specific types of discrimination and also ensures local governments have the tools to keep out bad actors.
In Montana, we also banned any additonal taxes on Bitcoin when used as a form of payment.
...moving whole states towards Bitcoin
Satoshi Action Fund CEO was asked to present on the "Benefits of Bitcoin Mining" to the Govenor's Crypto Comission in the state of New Hampshire. In their final report, Dennis Porter and Satoshi Action Fund were noticed as contributors to their findings.
New Hampshire ultimately concluded that Bitcoin mining is helpful for them to achieve their energy goals and the commission directed the state to "conduct a public review of how bitcoin mining operations might be integrated into a statewide energy plan."
Read the full report here.
...fighting back against bad policy
Satoshi Action co-organized a rally with the Texas Blockchain Council and the Digital Chamber to fight back against SB1751 which was designed to restrict Bitcoin mining in the state of Texas.
...defeating anti-Bitcoin policy
Satoshi Action was deeply involved in the effort to kill the "anti-Bitcoin mining" bill in Texas (SB 1751).
This bill would have significantly limited the ability for miners to partcipate in balancing the grid and stripped away incentives for miners to create rural jobs.
You can read our full joint statement alongside the TBC and Digital Chamber here.
...building advocacy tools for miners
Our one pager lays out over a dozen specific benefits of Bitcoin mining including benefits for the grid, the economy, and the environment. We also have a detailed presentation on the benefits of Bitcoin mining. If you would like to have us present to your local government, please reach out to us here.
If you would like a full PDF file of the one pager please email us here.
...building resources for policymakers
This guide was built to educate and guide legislators on Bitcoin and Bitcoin mining. It also includes state level policy solutions for lawmakers to attract miners to their states. You can view the whole guide here.
You can also contact us for a full copy.
...and submitting comments on policy
Satoshi Action has responded to the request for policy input by Senator Wyden & Senator Crap.
The Senators requested comments on the taxation of digital assets. We focused our comments on the unfair taxation of Bitcoin mining rewards.
Six mining operations in the USA co-signed the comments alongside us.
Read the full comments by clicking here.
IN THE PRESS
CAN CRYPTO BE A MEAN, GREAN, MINING MACHINE?
"Dennis Porter, a political strategist who runs the pro-mining nonprofit Satoshi Action Fund, argues bitcoin mining can be fueled by gases we’re trying to eliminate, like methane, and can shut down whenever local power grids need to conserve energy"
- Morning Brew
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BITCOIN COULD HIT 10% ADOPTION RATE BY END OF THE DECADE
Dennis Porter, CEO of Satoshi Action Fund, whose mission is to educate policymakers on the merits of Bitcoin, takes it a step further. Bitcoin mining, he said in a recent tweet, will one day “be such an important part of the grid that if they try to ban it, we’ll all be without power.”
- Forbes
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WHITE HOUSE CRYPTO MINING REPORT DRAWS PRAISE FROM ADVOCATES AND CRITICS ALIKE
"The White House report said that bitcoin mining 'can be good for the environment' and is 'incredible progress,' Dennis Porter, who advocates for bitcoin mining as co-founder and chairman of the non-profit Satoshi Action Fund."
- Coindesk
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