Although the White House’s push for a federal cryptocurrency reserve has been slow in 2025, many U.S. states are still considering and launching similar ideas, with much of the effort being backed by Dennis Porter and the Satoshi Nakamoto Action Fund.
This feature is part of CoinDesk The Most Influential List of 2025.
Some of these efforts are culminating in states like Texas, New Hampshire, and Arizona, and many more may be on the way, long before the U.S. government’s Bitcoin reserve is more than just a proposal seeking support from Congress. Porter and his associates provided legislative language to spur efforts by state legislators across the country.
Porter said his team’s work has led to the passage of at least 10 state laws.
“From New Hampshire to California, we have model policies that have become law — not only do we create models, but we show up, testify, work with legislators, hire lobbyists to help us, and have individuals write letters to legislators,” Porter told CoinDesk in an interview.
He said the organization’s “Strategic Bitcoin Reserve” model became the first to be adopted “anywhere in the world.” “We are a consumer- and innovation-focused group,” he said. “The vast majority of our support comes from individuals, which allows us to care about policy outcomes for individuals, not just industry”
Porter, who previously lived and worked in Portland, Oregon, began spending more time in Washington this year as federal policy work became more pressing, and he recently moved to the nation’s capital to advocate for cryptocurrency policy full-time.
