As U.S. lawmakers ramp up efforts to finalize comprehensive crypto market legislation, Bitcoin advocate and Satoshi Action Fund co-founder Dennis Porter has declared the upcoming regulatory framework a game-changer for Bitcoin.
In a post shared on April 15, Porter called the pending market structure bill a “massive boon” for the flagship cryptocurrency, arguing that it could unlock unprecedented capital inflows into the digital asset space. He believes that regulatory clarity is the missing piece needed to attract large-scale institutional investment.
“Once signed into law, the flood gates will be wide open and the rush of capital will be like nothing you’ve ever seen before. Massively bullish for Bitcoin,”
Porter said.
His remarks follow recent comments from Senator Tim Scott, chairman of the Senate Banking Committee, who revealed that the Biden administration is targeting August 2025 for the legislation to be finalized and signed into law. Porter echoed this timeline in response to an X user asking about the bill’s progress, replying,
“The White House wants it done by August. We shall see.”
Porter has also expressed optimism on the state-level adoption of Bitcoin strategies. In a recent interview with Simply Bitcoin alongside Republican Senator Cynthia Lummis, he stated that Utah will likely become the first U.S. state to pass legislation to create a strategic Bitcoin reserve.
He revealed that 11 states had already introduced similar legislation and projected that the number could grow to 15 by the end of 2025. According to Porter, some states are introducing multiple bills as lawmakers race to embrace Bitcoin at the state level.
At press time, Bitcoin is trading at $85,815, up 1.4% in the past 24 hours and over 8% in the last week. Today, BTC touched a daily high of $85,903, continuing its upward momentum amid rising investor optimism, according to CoinMarketCap.
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