Satoshi Action Fund

Satoshi Action Fund
Basic facts
Location:	Oxford, Mississippi
Type:	501(c)(4)
Top official:	Dennis Porter, CEO
Founder(s):	Dennis Porter, Mandy Gunasekara
Year founded:	2022
Website:	Official website

The Satoshi Action Fund is a 501(c)(4) that promotes the use of Bitcoin to voters and lawmakers. As of May 2025, the organization described itself as "a nonpartisan, non-profit, educational organization dedicated to informing policymakers and regulators about the benefits of Bitcoin mining and how it can be used as a tool to stabilize the grid, grow our economy, and cleanup the environment." The organization has supported various attempts by state legislatures to pass laws that increase Bitcoin's use as a currency.

Background

The Satoshi Action Fund was founded in June 2022 and is headquartered in Oxford, Mississippi. Its founders were Dennis Porter and Mandy Gunasekara. According to the organization's website, "We work with lawmakers and regulators as well as the general public to ensure that Bitcoin is adopted so all Americans have the opportunity to benefit from this technology."

Leadership

As of 2025, the organization's website and tax filings list the following people as part of its leadership:

• President: Dennis Porter
• Co-founder and director: Mandy Gunasekara
• Co-founder and director: Sunya Gunasekara
• Policy director: Eric Peterson

Work and activities

Legislative efforts

According to their website, Satoshi Action Fund's supported policies to "protect the 'Right to Mine' and key 'Bitcoin Rights' such as self-custody and peer-to-peer transactions." The organization created a guide to inform legislators about the benefits they say Bitcoin offers to states. The guide "offers a range of policy recommendations aimed at promoting the Bitcoin ecosystem and mining activities within states." In 2025, The New York Times' David Yaffe-Bellany wrote that the language in several bills proposed by state legislators in 2025 "mirrors a model bill circulated by the Satoshi Action Fund."

Strategic Bitcoin Reserve

In 2025, Satoshi Action Fund drafted model legislation for states to use in order to implement state Strategic Bitcoin Reserves. In May 2025, after New Hampshire Gov. Kelly Ayotte (R) signed legislation creating a state Bitcoin Reserve, Porter released a statement which said "Satoshi Action drafted the model, New Hampshire engraved it into law, and now every treasurer nationwide can follow that roadmap."

Arkansas HB 1799 (2023)

In 2023, Arkansas Gov. Sarah Huckabee Sanders (R) signed HB 1799 into law, which dealt with the regulation of digital mining of Bitcoin. Satoshi Action Fund helped write parts of the bill and after its passage, Porter wrote a statement of support for the bill on X.

Opponents of the bill alleged that crypto mines prompted noise complaints from residents nearby them. Additionally, Sen. Bryan King (R) said that Bitcoin companies were " in a protected class more than any other business out there." The bill's chief sponsor Sen. Joshua Bryant (R) said of the bill, "We've got a business-friendly state. We've got inexpensive land. We've got affordable power. And that is the perfect combination to be a cheap date for this industry," while also saying "We are looking at a state law that will...ultimately require these crypto operations to not generate noise."

These issues received national coverage from outlets such as CBS News and The New York Times, both of which discussed Satoshi Action Fund's role in the legislation. In 2024, Gov. Sanders signed new regulations into law, which regulated noise level among other changes.

Opposition to Texas Bill SB 1751 (2023)

On April 4, 2023, the Texas Senate voted unanimously to let a bill restricting some tax incentives for Bitcoin miners advance from the Business & Commerce Committee. According to the Houston Chronicle, the bill "would require digital currency mining facilities to register with the state’s electric grid operator, ERCOT, as what’s called a 'large flexible load' – essentially an operation that uses a lot of electricity but can shut down quickly when called upon. If passed, the legislation would also prohibit property tax breaks to digital currency mining facilities and would cap the industry's enrollment in ERCOT’s emergency response services programs to 10 percent of all participants."

Satoshi Action Fund opposed this, and Porter, along with other Bitcoin advocacy groups, formed "Don't Mess With Texas Innovation," a grassroots campaign dedicated to opposing the bill. On May 30, the bill stalled in the Texas House of Representatives. The bill was subsequently never passed.

Affiliations

The Satoshi Action Fund operates an affiliate 501(c)(3) Satoshi Action Education, which, according to their website, is "dedicated to researching Bitcoin & the Proof-of-Work consensus mechanism."

In 2023, Satoshi Action Fund participated in "Don't Mess With Texas Innovation," a campaign to defeat a bill in Texas that would have placed new regulations on Bitcoin miners.

Finances

The following is a breakdown of Satoshi Action Fund's revenues and expenses from 2022 to 2023. The information comes from ProPublica:

Satoshi Action Fund financial data 2022-2023

Year	Revenue	Expenses
2022	$0.3 million	$0.2 million
2023	$0.3 million	$0.5 million

See also

• What is an influencer?

External links

• Satoshi Action Fund website
• Satoshi Action Education website
• Satoshi Action Fund on LinkedIn
• Satoshi Action Fund on X
• Dennis Porter on LinkedIn