The Satoshi Act Fund’s Dennis Porter supports upcoming U.S. market structure legislation that aims to clarify crypto regulations and attract institutional capital. The bill will segregate the oversight of crypto tokens between the SEC and CFTC, which Porter asserts will lead to significant capital inflows into Bitcoin. Additionally, state-level initiatives and growing international interest in Bitcoin further support its adoption.
The forthcoming market structure legislation is expected to provide clear guidance on cryptocurrency regulations, aiming to attract institutional investment into Bitcoin. Dennis Porter, co-founder of the Satoshi Act Fund, expresses confidence that the legislation will not only enhance Bitcoin adoption but also trigger unprecedented capital inflows once enacted. The bill will delineate the classification of crypto tokens, addressing oversight responsibilities between the SEC and CFTC.
Senator Tim Scott has indicated that the federal administration is targeting completion of this bill by August 2025, signalling a shift towards a more supportive stance on digital assets. This approach contrasts sharply with previous scepticism under the Biden administration, echoing a more positive attitude reminiscent of the Trump era. Scott advocates for fostering innovation in digital assets to maintain the U.S.’s economic leadership.
The proposed legislation also mandates formal registration for crypto intermediaries, ensuring adherence to the Bank Secrecy Act for anti-money laundering compliance. This integration is crucial for aligning crypto assets within existing financial frameworks, although neither digital assets nor stablecoins will be classified as legal tender without Treasury approval.
Dennis Porter is actively influencing pro-Bitcoin policies at the state level, supporting legislative measures such as the “Blockchain Basics Act” in Louisiana and the “Strategic Bitcoin Reserve Act” in Oklahoma. These initiatives enable significant investments from state public funds into Bitcoin and align with growing international interest in national Bitcoin reserves, underscoring the momentum towards hyperbitcoinization.
Legislative advancements and institutional readiness suggest a potential rally for Bitcoin, with investment firm Bitwise reaffirming a year-end target of $200,000 per BTC. Porter believes that the convergence of political will, regulatory clarity, and institutional interest could signal the commencement of a substantial rise in Bitcoin’s value.
