Market Structure Legislation Will Boost Bitcoin: Satoshi Act Co-Founder Dennis
On April 15, Dennis Porter, Bitcoin advocate and co-founder of the Satoshi Act Fund, voiced strong support for the forthcoming crypto market structure legislation, asserting that it could drive massive capital inflows into Bitcoin.
Porter Links Bitcoin Market Clarity to Bullish Momentum
Porter tweeted, “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.” The new bill, known as the Digital Asset Market Structure and Investor Protection Act, could finally remove that uncertainty. The legislation would categorize crypto tokens as securities or commodities by clearly dividing oversight between the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), bringing structure to a previously unclear environment.
“The White House wants it done by August. We shall see,” Porter added in response to an X user asking about the bill’s timeline. Senator Tim Scott revealed the administration’s August 2025 target for passing the bill during a Fox News interview. As chair of the Senate Banking Committee, he pointed out a clear policy shift. The federal government is warming to digital assets. This marks a stark contrast from Biden-era skepticism to Trump’s more supportive approach.
Scott further emphasized innovation-first thinking, saying: “We must innovate before we regulate. That means allowing innovation to happen here at home in the digital assets space is critical to American economic dominance.” The GENIUS Act, passed with bipartisan support by Scott’s committee, is also moving quickly, showing broader federal momentum for crypto-friendly frameworks.
Market Structure Legislation Also Covers Crypto Intermediaries and AML Compliance
The proposed market structure legislation introduces formal registration requirements for intermediaries such as exchanges and brokers. It also integrates crypto assets into existing financial oversight structures, subjecting them to the Bank Secrecy Act for anti-money laundering (AML) compliance, reporting, and record keeping.
While digital assets and fiat-backed stablecoins will not be recognized as legal tender, they will require approval from the Department of the Treasury. Meanwhile, the Federal Reserve is poised to gain authority to issue digital currencies.
Porter’s Long-Term Vision for Bitcoin Adoption
Dennis Porter has been instrumental in shaping pro-Bitcoin policy at the state level. In 2024, he backed the “Blockchain Basics Act” in Louisiana and the “Strategic Bitcoin Reserve Act” in Oklahoma, which allows up to 10% of state public funds to be invested in Bitcoin or large-cap digital assets. Additionally, Texas recently advanced a similar bill to enable state investments in Bitcoin.
Porter also revealed international interest in nation-level Bitcoin strategies, noting that several countries have contacted the Satoshi Action Fund to help set up a national Bitcoin reserve, a development he sees as key to hyperbitcoinization.
With legislative progress at both state and federal levels and institutions preparing to re-enter the market once legal clarity is achieved, analysts believe the conditions are forming for a major Bitcoin rally. Investment firm Bitwise recently reaffirmed its year-end price target of $200,000 for BTC. As Porter puts it, the combination of political will, regulatory clarity, and institutional interest is “massively bullish” and may mark the dawn of Bitcoin’s next major ascent.