{"signature": "0x585a0e25437d09b03464ce167afc90dfa9df08be774bf7db3b0e2fd85142360158d4a31dd7c622ac38f65dc49f9bf7e88c583b96810239a41e73590d76eee4391b", "application": {"round": "0x631208307db095f500a166849d77907194b7af98", "answers": [{"type": "email", "hidden": true, "question": "Email Address", "questionId": 0, "encryptedAnswer": {"ciphertext": "tPxarjVV6DNXzGpgSFulgjcKSOVVGHnVVaoi2QmviZxOo4sarFMyAQDMLu40Jzqt", "encryptedSymmetricKey": "601ea78e37469dfb8ee05e003da477abc165ad99c2a72566ba9400b0e38e2b6415819660c418d98d14fb98b3d6a9f113e283ba20fcab831bb0203e2ebbf708589a4151c32fba2cd9f5c2f4d886e98d52b7cc48e4d9dd242dab58ee675d9dfa81f69afdaba831a2dc2ca9dd219cec68a0015d0803996e1e1e7460852d9c82aa6e000000000000002081aaddf3290470dd8442831375205c4b9991b2b6249e983bd933143bd8ed60e5cf866c0c2448ad0575b377d163b87b94"}}, {"type": "paragraph", "answer": "Our focus on advocacy is simple; we deliver results. We have passed our Blockchain Basics Act into law in Montana, Arkansas, Oklahoma, and Louisiana. On October 23, 2024, a bill we're working on passed the Democratically controlled House in Pennsylvania, and this bill protects self-custody. Time is now our biggest enemy preventing us from passing, but if we can't pass it into law this year, we will work hard to pass it in the next legislative session. A key aspect of the bills we're passing includes codifying into law definitions for Web3. This is vital because we're defining staking, self-hosted wallets, blockchain, decentralized protocols, and hardware wallets. This is key because before we can begin to provide regulatory clarity, we need to clearly define into law what a \"decentralized protocol\" and other novel Web3 terms are. We are most known for our Bitcoin advocacy, but if you look into the Louisiana law we passed this year, we placed protections for staking and staking as a service. We believe that it is in the best interest of the entire industry for our policy to be tech-neutral, and the laws we pass benefit the entire blockchain space. Link to the Louisiana legislative text: https://legis.la.gov/legis/ViewDocument.aspx?d=1382721", "hidden": true, "question": "Please briefly describe your organization's focus on crypto advocacy.", "questionId": 1}, {"type": "link", "answer": "https://www.forbes.com/sites/digital-assets/2024/06/24/louisiana-passes-bill-to-defend-bitcoin-rights-and-ban-cbdcs/", "hidden": true, "question": "Please link to a recent report or statement showcasing your advocacy work.", "questionId": 2}], "project": {"id": "0x36074bb0f7a2b40acd42a82a58c2ca5087c7d10475d2e55e652c42028bea2c4c", "title": "Satoshi Action Fund", "logoImg": "bafkreiccetxgx337s6lzt52bjex3wnpncxzy55mpms4rrgzqzsiahzimva", "metaPtr": {"pointer": "bafkreif7be72mbgckqvhljfmyp3aiyznokig7adgnrwv6jgdub2khjkmpq", "protocol": "undefined"}, "website": "https://www.satoshiaction.io/", "bannerImg": "bafkreiahz5ucxv4wk7boushqp4wp4c56d377olcef2btpxjxap3wd4cwju", "createdAt": 1729883556433, "credentials": {}, "description": "Satoshi Action Fund is a non-profit advocacy organization dedicated to fostering a thriving blockchain ecosystem in the United States by proactively engaging with policymakers to pass state legislation that enables decentralized protocols to flourish.\n\nWe’re unique in that we are the only team that has codified into law protections for staking, staking as a service, self-hosted wallets, blockchain, NFT’s, and countless other terms in the Web3 space. We have successfully passed pro-blockchain legislation in Oklahoma, Louisiana, Montana, and Arkansas. These laws enshrine the right to self-custody digital assets, recognize digital assets as legitimate payment methods, and provide legal certainty for users to run nodes. \n\nSatoshi Action Fund recognizes the power of state-level advocacy in shaping the future of regulatory clarity for the Web3 space. We have built a strong grassroots coalition of thousands of individuals and we work with local groups to mobilize constituents to encourage their state legislators to support pro-crypto initiatives. As more states adopt favorable blockchain legislation, the pressure mounts on the federal government to pass clear and consistent guidance on digital assets. We have proven that we can have our model policy adopted not just by states, but also by leading political parties, as demonstrated when the GOP adopted our \"Right to Self-Custody\" language into their official party platform.\n\nA key objective of ours is to ensure that decentralized protocols are not subject to burdensome securities laws. We are fighting back against securities regulators who want to designate proof-of-stake and staking-as-a-service under federal securities regulations. We have shown that we can pass legislation, and we have much bigger aims to defend the entire Web3 space by exempting decentralized protocols and DEX’s from having to obtain money transmitter licenses. We fundamentally believe that decentralized protocols that transfer value and do not touch fiat or legal tender, should not be required to obtain money transmitter licenses or be regulated as securities.\n\nSatoshi Action stands at the forefront of policy innovation in the digital asset space, and our goal is to unlock the full potential of blockchain innovation by allowing builders to build amazing Web3 applications. ", "lastUpdated": 0, "projectTwitter": "SatoshiActFund"}, "recipient": "0xF8754E700DCD0652b9cfEA50CBfe4716cB5e82C1"}}