Bitcoin

Dennis Porter, co-founder and CEO of the Satoshi Action Fund (SAF), announced a new ‘Strategic Bitcoin Reserve’ bill. The legislation aims to establish Bitcoin reserves at the state level. Porter confirmed this in a post on X, adding that there is near certainty of its passage in some states.This announcement follows the approval of the ‘Bitcoin Rights’ bill by the Pennsylvania House of Representatives. Notably, the <a href="https://cryptotale.org/who-is-satoshi-nakamoto-the-creator-behind-bitcoin/" rel="noopener noreferrer nofollow">Satoshi</a> Action Fund drafted the legislation, aiming to educate lawmakers on Bitcoin, blockchain technology, and their regulatory implications. SAF has played a role in drafting similar bills in 20 states, with four of them, including Oklahoma and Arkansas, becoming a law.The new reserve bill seeks to create frameworks for integrating Bitcoin into state financial strategies. This includes provisions for accepting taxes, fees, and donations in Bitcoin. Recently, Texas introduced its strategic Bitcoin reserve bill. The State Representative, Giovanni Capriglione, stated the bill is a step to strengthen Texas’s fiscal stability and Bitcoin leadership. The initial draft proposes holding Bitcoin for at least five years within the state treasury.<a href="https://cryptotale.org/dennis-porter-talks-about-the-strategic-bitcoin-reserve-bill/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Dennis Porter Talks About the Strategic Bitcoin Reserve Bill

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