When it seemed like many of the states came up with the same bitcoin reserve idea at the same time, a campaign driven by Porter deserves some credit for that tide.
When it seemed like many of the states came up with the same bitcoin reserve idea at the same time, a campaign driven by Porter deserves some credit for that tide.Even as the White House's push for a federal crypto reserve turned sluggish in 2025, many of the U.
S. states were contemplating and pulling the trigger on similar ideas, and much of that work was bolstered by Dennis Porter and the Satoshi Action Fund. A few of those efforts are coming to a head in states such as Texas, New Hampshire and Arizona, with several more potentially on the way, going live well before the U.S. government's bitcoin stockpile is much more than a proposal in search of some congressional backing. Porter and his cohorts have provided legislative language to spur state lawmaker efforts all over the country."Everywhere from New Hampshire to the state of California, our model policies have passed into law — where not only did we craft the model, but we showed up, testified, worked with lawmakers, hired lobbyists to help us and got individuals to write letters to lawmakers.," Porter said in an interview with CoinDesk. The group's "strategic bitcoin reserve" model became the first to pass "anywhere in the world," he said. "We are a consumer and innovation-focused group," he said. "The vast majority of our support comes from individuals, which allows us to care about the outcomes on policy for individuals rather than just the industry" Porter, who had lived and worked in Portland, Oregon, began spending more time in Washington this year as federal policy work became more urgent, and he recently moved to the capital to advocate for crypto policies there full-time. As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M , followed by the SafeToken Protocol at $1.7M. GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month. Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B. The leader of the derivatives regulator is planning to join the crypto industry as the CFTC and other federal regulators work on policies to benefit the sector.Commodity Futures Trading Commission Acting Chairman Caroline Pham confirmed again that she's heading to crypto firm MoonPay when the Senate confirms her replacement and he's sworn in. President Donald Trump's CFTC chair nominee Mike Selig was set for a Senate vote Wednesday evening, according to that chamber's schedule. Selig, currently an SEC official, would arrive at the CFTC just as several of Pham's crypto initiatives have gone live.
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