Satoshi Action Fund

CEO and co-founder Dennis Porter launched the organization alongside Mandy Gunasekara (former Chief of Staff of the U.S. Environmental Protection Agency under the first Trump administration) and Surya Gunasekara; Eric Peterson serves as policy director. A companion 501(c)(3), Satoshi Action Education, handles research on Bitcoin and the proof-of-work consensus mechanism and accepts tax-deductible contributions; donations to the 501(c)(4) fund are not deductible.

Satoshi Action Fund's primary legislative product is a suite of model bills that state legislators can adopt verbatim or adapt. Its "Bitcoin Rights" template, which enshrines the right to mine Bitcoin, self-custody digital assets, and operate nodes without regulatory discrimination, has been enacted in six states. Montana and Arkansas were early adopters in 2023; Arkansas Gov. Sarah Huckabee Sanders signed HB 1799, the Arkansas Data Centers Act, that year. Louisiana and Oklahoma followed in 2024. In March 2025, Utah and Kentucky both signed Bitcoin Rights legislation into law. California's Assembly took up the bill in early 2025 under Assemblyman Valencia, chair of the Banking and Finance Committee, which would extend protections to approximately 40 million residents if enacted.

A second legislative track covers state strategic Bitcoin reserves. In September 2024, Satoshi Action Fund published model "Strategic Bitcoin Reserve" legislation providing a statutory framework for state treasuries to hold Bitcoin as a reserve asset. The language was adopted nearly verbatim in bills introduced in New Hampshire, North Dakota, Ohio, Pennsylvania, and Texas. In May 2025, New Hampshire Gov. Kelly Ayotte signed HB 302, making the state the first in the U.S. to establish a Bitcoin and Digital Assets Reserve Fund; the bill authorizes up to 10% of the state's general fund to be allocated to digital assets with a market capitalization above $500 billion, a threshold currently met only by Bitcoin. Dennis Porter separately drafted and published a model executive order proposing a federal Strategic Bitcoin Reserve within the Exchange Stabilization Fund, targeting an initial allocation of up to 2% of the ESF over an 18-month pilot period.

Satoshi Action Fund reports having supported more than 20 pieces of legislation, facilitated more than 25,000 activist letters to Congress, and met with or influenced more than 2,000 state and federal lawmakers. Bitcoin Rights laws are on the books in six states, and strategic-reserve bills remain active in multiple 2025, 2026 legislative sessions.