Democratic trifecta state rumored to introduce a Bitcoin Rights Bill

Dennis Porter, co-founder of the Satoshi Action Fund, claims that a Democratic lawmaker plans to introduce legislation that would protect the rights of Bitcoin holders in the Democratic tripartite state, known as the Bitcoin Rights Act.

According to a post on If this news proves true, it will be the first time in history that a trio of Democratic states will issue a law allowing Bitcoin (BTC) holders to self-custody.

“This is an important move that will redefine Bitcoin’s political movement for years to come,” Porter said in his post.

Recently, on October 24, the Pennsylvania House of Representatives passed a bill known as the Bitcoin Rights Act.

The bill, submitted by the non-profit Satoshi Action Fund, regulates cryptocurrency ownership and use. This allows residents to maintain self-custody over their digital assets; This means they can hold Bitcoin and other cryptocurrencies without having to depend on third-party services such as crypto exchanges.

In January, the Virginia State Senate also introduced a bill protecting Bitcoin miners and securing personal custody rights for Bitcoin owners.

Pennsylvania and Virginia are known as two-party states. At the time of this writing, there are 17 states classified as the Democratic trifecta, including California, Delaware, Illinois, Hawaii, New York and Washington.

Porter continues to emphasize Bitcoin’s important role as a “non-partisan technology,” especially as America prepares for the presidential election this November. He believes both parties should recognize Bitcoin’s future potential.

BREAKING: I can confirm that for the first time in US history, a Democratic lawmaker in a tri-Democratic state will introduce legislation to defend the rights of Bitcoin users.

This is a significant move that will redefine Bitcoin’s political movement for years to come.

Bitcoin…

— Dennis Porter (@Dennis_Porter_) 29 October 2024

As crypto has been used as a major talking point by both candidates, Porter notes that Bitcoin could “bridge the political divide” between Democrats and Republicans to pave the way for future innovation.

“For the United States to greatly benefit from Bitcoin, both parties need to embrace the technology, so the news that ‘Bitcoin Rights’ is moving towards a deep blue state is very important,” Porter said.

Digital Room’s research titled “Americans’ Views on Crypto Policies and Their Implications for Voting” found that 16% of survey respondents admitted they would vote for a pro-crypto candidate. These voters belonged to the “Crypto Voting Bloc,” comprising an estimated 26 million voters consisting of Republicans and Democrats.