The Satoshi Action Fund recently reported that several countries have contacted them to develop regulations for creating strategic Bitcoin reserves. The organization, which helps lawmakers create and implement Bitcoin policies, has seen interest from five unnamed nations. Co-founder and CEO Dennis Porter stated, “Now our legislative success in the United States can be exported around the world.”
This development comes after Senator Cynthia Lummis introduced a strategic Bitcoin reserve as part of the BITCOIN Act.
The proposed reserve would equal 5% of the total BTC market capitalization, stored in multiple U.S. vaults. Though President Trump has not mentioned the idea of a strategic Bitcoin reserve, some worry that other countries may overtake the United States if he does not take action quickly.
