Dennis Porter of the Satoshi Act Fund believes that pending market structure legislation will attract capital to Bitcoin, fostering a bullish market environment. The legislation aims for clarity in regulatory oversight, dividing responsibilities between the SEC and CFTC. Currently, Bitcoin’s price is on an upward trajectory, with potential for further increases as institutional interest grows.
Dennis Porter, co-founder of the Satoshi Act Fund, asserts that market structure legislation will significantly benefit Bitcoin (BTC) by attracting increased capital investment. In an April 15 statement, Porter explained that such legislation would open “the flood gates” for capital influx, ultimately establishing a bullish trend for BTC. He expressed confidence in regulatory clarity as a catalyst for luring investors into the cryptocurrency market.
Senator Tim Scott, chair of the US Senate Committee on Banking, Housing, and Urban Affairs, indicated that the government aims to have the market structure bill enacted by August 2025. In response to an inquiry regarding the timeline for the legislation, Porter confirmed the White House’s target date, stating, “We shall see.”
At the time of reporting, Bitcoin’s price had increased by 1.4% in the day’s trading, reaching around $85,815, with a peak of $85,903. Over the past week, BTC experienced more than an 8% increase, reflecting growing market optimism.
The proposed market structure bill seeks to create a comprehensive regulatory framework for cryptocurrencies. It aims to delineate responsibilities between federal agencies, placing securities-related tokens under SEC jurisdiction, while commodity-like tokens would be regulated by the CFTC. Furthermore, the bill proposes registration categories for crypto intermediaries such as exchanges and brokers.
If implemented, the bill could alleviate regulatory ambiguities that have previously deterred institutional investment in crypto assets. A surge in capital flow is typically synonymous with a bullish market phase, particularly for Bitcoin, which is viewed as a foundational asset in the cryptocurrency space. This increase in interest and demand from institutional investors could drive Bitcoin’s price even higher, given its fixed supply.
