The_Bitcoin_Act
The Bitcoin Act
The newsletter that breaks down Bitcoin law and regulation twice a week, before it hits you. Written by a legal counsel. ⚡ First opener wins 2,100 sats.
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2026-07-06T22:15:52Z Event JSON
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Last Notes npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act Want to stay ahead of Bitcoin laws and regulations? 🧑⚖️₿ I cover the latest legal and regulatory news shaping Bitcoin in my newsletter. 👉 https://thebitcoinact.xyz npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act A real exemption path, but a narrower one. The SEC proposal creates tailored exemptions for covered investment contracts involving non-security crypto assets, with specific limits and disclosure requirements. So it’s meaningful now, but CLARITY would provide the broader, more durable statutory framework. npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act Divorce papers incoming but my stack stays intact! 😂 https://blossom.primal.net/10db83d0d9d866818e7fcafe37a4344f7bdbc0f986d7b90176983857f4f895d2.jpg npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act The White House hosted crypto executives this week and pushed Congress to pass the CLARITY Act. What did actually move: the SEC proposed its first crypto-specific fundraising rule in the agency’s 90-year history. Tomorrow’s issue: → What the experts are actually saying about this week’s biggest legal developments, beyond the headlines → Numbers of the Week: the odds, the dollar figures, and the deadlines actually shaping policy → Every Bitcoin + law date on next week’s calendar Opening tomorrow’s issue the second it lands? Drop a 🧡 below. npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act The answer was: C) €70,000 #nevent1q…6qve npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act A police letter could freeze your exchange account for 10 days. No judge. No notice. No conviction required to keep your coins after. California moved SB 1208 to the Assembly floor: probable cause seizure, forfeiture without a charge. Issue #73 is out. Also inside: → Norway's pension fund quietly hit 11,549 BTC → The OFAC list your custodian checks before you can even touch a payment → Why September 15 matters more than Wednesday's White House meeting Does your state have a law like California's? Tell me below. 👇 https://blossom.primal.net/0f3f1878452e4acc93f637625ddb42a9279e3ff5a10572a80e1b320508cba991.jpg https://blossom.primal.net/9c9622c5c8c420578553edc8a35c83f85812756dee18038d5e595213da11d0ef.jpg npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act Want to stay ahead of Bitcoin laws and regulations? 🧑⚖️₿ I cover the latest legal and regulatory news shaping Bitcoin in my newsletter. 👉 https://thebitcoinact.xyz npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act Read issue #72 free here 👇 Https://thebitcoinact.xyz npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act Up or down, still smiling, still stacking. Who else is built like this? 🟠 https://blossom.primal.net/ac719f89cad8d8185e04646110c26b2843d2cec7dfddf6c11514aa780864dd9f.jpg npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act Trump is meeting crypto executives at the White House on Wednesday. CFTC Chair Michael Selig will be there too. And this is happening just ONE day before the CFTC’s first major Innovation Advisory Committee meeting, while the CLARITY Act is stalled in the Senate. Most people will watch the headlines. I’m watching the legal power being built underneath them. Tomorrow’s The Bitcoin Act breaks down what this actually means for Bitcoin, what the people closest to these issues are saying, the key legal numbers from this week, and the events next week that could matter. There are a lot of them. If you care about Bitcoin beyond the price, this is the stuff you need to see before it becomes obvious. And yes, just like every week: The first person to open tomorrow’s issue gets 2,100 sats. Be early. ₿ npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act The answer was: C) $10,000 #nevent1q…3fuj npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act Full issue here: https://thebitcoinact.xyz npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act California's SB 1208 passed the state Senate 39-0. It lets prosecutors freeze your exchange-held Bitcoin for 10 days without a conviction, and the exchange doesn't have to tell you. Assembly hearing: August 13. Also in Issue #71 of The Bitcoin Act: South Africa wants every self-custody withdrawal reported, and Australia just pulled 96 Bitcoin ATMs offline for missing paperwork. Inside: → Sovereignty Move of the Week: is your Bitcoin currency, security, or property? → The Market Knows First: prediction markets are pricing a Trump pardon for Keonne Rodriguez, Clarity becoming law, and a crypto capital-gains repeal. Not your keys, not your coins, SB 1208 just made the case for you. 🟠 Bullish or bearish on SB 1208 clearing its August 13 hearing? 👇 https://blossom.primal.net/9957be6a69a4d6b7a6ce44b06f298e65c81809e45b53f5a7c8ba1e07d02772fc.jpg https://blossom.primal.net/551a7c58c247b537b338971c2cfcf4239606572e2ef4c98490ac2ffbcdd93fc4.jpg npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act And you, how many times a day do you check what’s in your wallet? https://blossom.primal.net/8c9ea3ffba5870f0b9e5b224b48dcde99a84886c1d0807cf2f2362b388095366.jpg npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act If you want to actually understand bitcoin's legal fights instead of just reacting to headlines, that's the whole newsletter → https://thebitcoinact.xyz npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act Callout post. Be honest, are you actually running your own node right now, yes or no? 👇 https://blossom.primal.net/8910df46078783c472a024c51c0a4f61bffb115e72dfb3a29d4c68ced070e0cd.jpg npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act Full map: 140+ jurisdictions, six dimensions each, sourced and dated: https://thebitcoinact.xyz/bitcoin-legal-map npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act Had to update the map again this week. 🌎 Big one. Putin signed Russia's first comprehensive crypto law on Aug 4, so the Russia entry is fully rewritten. Federal Law 282-FZ, "On Digital Currencies and Digital Rights." Core provisions go live Sept 1. The state that spent a decade calling Bitcoin a threat just built a licensed market around it. What actually changed: — Retail can buy the most-liquid coins, capped at 300k rubles (~$3,700) a year per venue. — Exchanges must register with the central bank, hold 15M rubles equity, join an SRO. — The law enshrines judicial protection for holders. — Domestic payments stay banned. Russia's now updated. The map tracks 140+ countries on six things: is it legal, can you self-custody, how's it taxed, what's it classified as, where's the politics headed, and can the state take it. Which government do you trust least? 👇 https://blossom.primal.net/b149221880edaa9809760f25e1384c627dbea14ec254ad4e89b2e396eb27b7d1.jpg npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act Full issue here: https://thebitcoinact.xyz npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act Thune filed cloture on the CLARITY Act: a September 15 vote needing 60 of 100 senators. A delay, not a defeat. Also in Issue #70 of The Bitcoin Act: 🇷🇺 Putin caps Russian retail Bitcoin buys near $3,700/year, and 🇫🇷 scammers are impersonating France's markets regulator post-MiCA to drain wallets. Inside: → Saylor: Bitcoin needs no permission from Congress. Moreno: the talks are over. Lummis: the status quo fails everyone. → Plus this week's numbers in bitcoin law → Every bitcoin/law event on the calendar next week BTC doesn't need a cloture vote. 🟠 Bullish or bearish on CLARITY getting its 60 votes September 15? Drop your take below. https://blossom.primal.net/84de5616c6a67505ed9e6d17ed0a220dd6afae678a03c8dcd5f3fb268a4ca666.jpg https://blossom.primal.net/dec59793bd6d470276fbdde28b2cdefb3f9594f421beebcf80dfc5886d46db15.jpg npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act The real threat to bitcoiners isn't a bear market. It's not knowing your own cost basis when the letter shows up. Am I wrong? https://blossom.primal.net/2eb36b5770a7ae9155524d5b3eb6b1b4fccd48399c417cd0c1f43b1beb4390ae.jpg npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act Whether they can actually win, and the damage-control playbook — today's issue 👇 https://thebitcoinact.xyz npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act Https://thebitcoinact.xyz npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act Self-custody isn’t hack-proof. It just moves where the failure happens. COLDCARD update: Block traced the attacker through a paid account at a tracking service. Victims: document everything, file a police report, skip paid “recovery” offers. Also in issue #68: the CLARITY Act clears a real hurdle, plus a fake IRS letter scam targeting holders. Full breakdown, link below. Does this change your setup? https://blossom.primal.net/b5ef40bc14f686faca3889b687e00841ade1548d19ef7e1a58d6b970d3f644ce.jpg https://blossom.primal.net/126c6236c848a1e44846614e9621778afc2fd0c1db65dd73fa940a385a655040.jpg npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act 🚨 The market just got slapped by the Coldcard affair. $70M+ drained from “unhackable” cold storage in under an hour. A 5-year firmware entropy bug turned dormant single-sig wallets into free money for whoever found it (AI or not). Self-custody FUD is real and Bitcoin is feeling it. But the legal side of this breach is the part most maxis are still sleeping on. Tomorrow’s Bitcoin Act newsletter drops exclusive expert opinions and hard analysis on the legal fallout of the Coldcard disaster — plus more sharp takes from lawyers and analysts on Bitcoin regulation news across the USA and the rest of the world. We’ll also hand you every single Bitcoin + law/regulation event happening next week so you’re never blindsided. First to open tomorrow gets 2,100 sats. Same as always. Link to subscribe is in the bio. Sovereignty isn’t just keys. It’s knowing the law that tries to take them from you. Don’t miss this one. npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act Before you vote, I mapped how every country actually treats Bitcoin under the law: legal status, tax, self-custody rights, all in one place. Check where your pick really stands 👇 https://thebitcoinact.xyz/bitcoin-legal-map npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act The Bitcoin Act — clear Bitcoin law & regulation, zero noise, free sats for first openers → https://thebitcoinact.xyz npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act I publish The Bitcoin Act in public. The writing is only half of it. The other half is the conversations that follow: email replies, X chats that keep me honest, and talks in the community that cut straight through the noise. Every single one makes the next issue sharper. Cleaner signal. Higher conviction. Building for serious Bitcoiners means listening as hard as you write. What’s one community exchange that leveled up your own work? 👇 npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act We’re all agreed that it’s accurate, guys? 👇 https://blossom.primal.net/2206be21bcf563cba76e0f1e02e91e721a311fdcd62d357fd28c29a89b34146e.jpg npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act Twice a week I break down exactly this kind of stuff — free, no fluff → thebitcoinact.xyz (grab your free gift in the welcome email) npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act 👀 North Korea's Lazarus Group has stolen $6.75B in crypto since 2019. $2.02B of that in 2025 alone, up 51% year over year. Sen. Lummis says the CLARITY Act closes the gap. Section 305 gives exchanges the power to freeze any transaction for 30 days, no court order required, extendable to 180 days. Built to stop Lazarus. The freeze tool doesn't check who's holding the wallet. Tomorrow's issue breaks down exactly what Sections 303 and 305 hand Treasury and exchanges, and where self-custody still draws the line. Also inside: this week's subscriber legal question answered, live odds on the bitcoin legal events sitting on prediction markets right now, and the US + global regulatory moves that actually matter for holders. First person to open it gets 2,100 sats. A freeze tool built for a $6.75B hacker. Where do you think the line actually holds? npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act Be honest. How long did you take the blue pill before you finally switched? 👇 https://blossom.primal.net/9907db9cce25f37418e895efc8ba018730dd81b6e57c72728dc41cba18a53dd6.jpg npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act Buried in the CLARITY Act is a provision most people skipped past: your Bitcoin can't be ruled "abandoned" or seized by a state just for sitting dormant on-chain. The problem: one analyst just cut its odds of passing this year from 50% to 30%. His words: the calendar "is now the enemy." This is the final floor window before recess. I laid out what's at stake in today's issue. Should self-custody protection be non-negotiable?👇 https://blossom.primal.net/5ade3506c149dde408f3f4d28f912b9e7f3cc3861507e64bdcc9be6551d1d56d.jpg https://blossom.primal.net/b77d9bcd43f38bace2d274e0f7704054dab349561b980aaeb66868be31e17ad8.jpg npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act Galaxy Research just cut the odds of the Clarity Act passing this year from 50% to 30%. In one month. Their words: the Senate calendar is now “the enemy.” Same week, one of the police unions negotiating crypto enforcement flipped and backed the bill. Nobody’s reporting the part that actually matters: the exact language they said addressed their concerns never changed. That contradiction says more about where this bill is headed than any headline will. Tomorrow, The Bitcoin Act breaks it down properly: → the read from experts and insiders you won’t get from mainstream media → this week’s numbers on legal bitcoin news → every legal + bitcoin event worth watching next week — and there’s a ton lined up ⚡ First opener gets 2100 sats, same as always. Fastest one wins. Most people find out what happened in a headline next week. Subscribers already know how it ends. Link in bio. npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act The people have spoken! npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act The poll has ended! ⚡️ Here’s what you voted for: 👇 #nevent1q…2ty8 npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act The full map — 140+ jurisdictions, six dimensions each, sourced and dated: https://thebitcoinact.xyz/bitcoin-legal-map npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act I had to update the Bitcoin legal map this week. On 17 July, Nigeria's president signed an executive order putting the central bank in charge of crypto, the same central bank that ordered every bank in the country to close crypto accounts in 2021. So Nigeria's entry is rewritten. Here's what actually changed. The Presidential Executive Order on Virtual Assets Coordination, 2026 took effect immediately. It creates a Virtual Asset Council: the CBN chairs, the Revenue Service and SEC are vice-chairs, and the Financial Intelligence Unit and the National Security Adviser sit at the table. Three things worth knowing: — No new regulator. Every agency keeps its full statutory mandate. This is a coordination layer, not a power grab. — The jurisdiction split is finally written down. Activities like securities register with the SEC. Payment, settlement and custody of non-security assets register with the CBN. — 30 days to deliver a Harmonised Implementation Framework, with a CBN sandbox, an NRS tax policy and a national White Paper queued behind it. The map tracks 140+ jurisdictions on six questions each: is Bitcoin legal, can you self-custody, how is it taxed, what is it legally classified as, where is the politics going, and can the state take it from you. Which country do you think is most misunderstood on the map? 👇 https://blossom.primal.net/5a166ffd1d7087aa248134cb516e06095a71fb881f3e4c3da3c8c2dd8fb9fcc2.jpg npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act 1,000 Bitcoiners now read The Bitcoin Act. I could have posted a screenshot of the number and moved on. Instead I built you a room. The Legal War Room: free, no tier, no paywall, no gatekeeper. Not a broadcast. A floor. Everyone talks. Ask me anything, but more importantly, argue with each other. Debate self-custody. Tear my takes apart in public. Answer the guy two jurisdictions over who's facing the law you already beat. 1,000 people reading the same bills every week, who until today had no way to reach each other. Come in and tell us your jurisdiction. ⚖️ npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act From now on, the bill has to be approved by the president before it can take effect. npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act The full playbook: checklist + copy-paste clauses for your lawyer: 🔗 https://thebitcoinact.xyz Do it this week. npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act 👀 Nobody can take your Bitcoin. Then you die and that's the exploit. No plan, and there are only three endings: the keys are lost forever, your seed ends up in your will as a public court record, or your family mails a death certificate to an exchange to beg for coins that are already theirs. Every path hands your stack to someone else. The exact thing you opted out of. It's fixable in an afternoon: multisig with an heir key, an on-chain dead man's switch, a private trust. I wrote the full playbook. Free. If you died tonight, does your family get your Bitcoin, or does the state? 👇 npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act Russia’s parliament just passed a bill letting retail investors buy Bitcoin. Mandatory exam. $3,900/year cap. Passed by the State Duma yesterday, July 21. Not a rumor. Not a Telegram translation. The actual bill. 🧵 2/ New licensing registry for exchanges, custodians, and brokers. Existing platforms get roughly a year to register. 3/ Retail investors can buy the most liquid crypto assets (bitcoin’s the obvious flagship) through a registered intermediary — but only after passing a knowledge test. 4/ The retail cap: 300,000 rubles (~$3,900) per year, per intermediary. 5/ Qualified investors also have to pass a test, but face no purchase cap. Prior trading history can count toward qualifying. 6/ Owning ≠ spending. This bill legalizes buying and holding bitcoin. It does not legalize using it as money. Paying for groceries in bitcoin is still banned domestically — the ruble keeps its monopoly on everyday transactions. 7/ Carve-outs: foreign-trade settlement, mined crypto, and some securities transactions are exempt from that ban. 8/ Banks are now required to block transfers to anyone they suspect of running an unregistered exchange. 9/ Timeline: first reading was back in April. Most provisions take effect Sept 1. It still needs to clear the Federation Council and get signed into law. Expected, but not done yet. 10/ The part worth sitting with: a government that’s spent years treating bitcoin as a threat to its monetary sovereignty just built a formal, licensed path for its own citizens to buy it. Gated by an exam and a cap. But a path. That’s the move a state makes once it accepts it can’t kill the protocol — so it regulates the door instead. 11/ Genuine question: does “exam + cap to start, uncapped once you qualify” count as a country actually opening the door to bitcoin? Or is it just a more polite capital control? Where’s the line for you? 12/ I track moves like this across dozens of jurisdictions. Full breakdown + country-by-country comparisons in my newsletter 👇 Https://thebitcoinact.xyz npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act Bitcoin fixes this, right? 👀👇 https://blossom.primal.net/270a4bb8bc3a32993122dc4d109a1150d3fbcc9daf0653928c4fa42afafef2c8.jpg npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act Full breakdown — free, 4-min read: https://thebitcoinact.xyz Plus the KYC-free P2P map (US vs EU) and where the line actually is. npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act New Hampshire just made owning your Bitcoin a legal right. Signed. Live Sept 8. Self-custody, home mining, running a node — the state's hands are tied. Same week: FTX is "repaying" creditors in 2022 dollars while BTC left them behind. Not your keys, not your coins — now with case law. Everything that moved this week 👇 npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act 🚨 Tomorrow's issue is a heavy one. While everyone's watching stablecoins, central banks are quietly building the rails for programmable money. South Korea just pushed its wholesale CBDC pilot, Project Hangang, into its next stage, targeting September. This is the CBDC story you should actually be worried about. In tomorrow's newsletter, I'm breaking down: → The Project Hangang expansion → The biggest USA stories of the week + what's moving worldwide → A subscriber's Legal Question of the Week that genuinely made me stop and think → What the prediction markets are actually pricing in for Bitcoin right now But first, I need you 👇 Which Legal Question of the Week should I tackle in next week's issue? Drop it in the replies, I'll pick one of yours. npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act It's 2026 now, but this meme still checks out! 👀 Do you know what major shift in U.S. monetary policy occurred in 1971? 👇 https://blossom.primal.net/653ff5898bf9bcba10204691e44d1f7ae0c775804a48817430186bc460d81bbe.jpg npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act 😉😉 npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act It’s definitely a smart play! npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act The Fed Chair just said it out loud: Failing crypto firms get ZERO bailouts. No safety net. No rescue. No daddy government. Good. That's the whole point of Bitcoin. Your keys are your central bank. Also this week: CLARITY Act potentially hits the Senate floor, Taiwan puts 80% odds on a state Bitcoin reserve, and a London court may rule debts can be repaid in BTC. Full breakdown just dropped in The Bitcoin Act 🔻 https://blossom.primal.net/952b10dd62faac5e1e90338381a43f6299b00045c2b6894abb959cbee7e78ef0.jpg https://blossom.primal.net/26aaede5cbcab840dae27371eea4f3e6408e86a56ca9f584f21359daf21888ac.jpg npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act https://thebitcoinact.xyz/bitcoin-legal-map npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act 🚨 MAP UPDATE: KAZAKHSTAN I track how 140 countries treat Bitcoin: legality, self-custody, taxes, seizure risk. One interactive map. Verified against official sources. Kazakhstan's president recently signed a decree that forced a rewrite. Incoming: ⚡ 0% income tax on Bitcoin gains ⚡ Stranded gas → legal to power BTC mining ⚡ Amnesty path to bring offshore coins home Signed July 7. Rollout underway. The 3rd largest mining nation on Earth is positioning for better Bitcoin tax policy than most of the G7. The map shows which countries protect your sats, and which ones will seize them. Current score: 6 pro-Bitcoin. 11 hostile. 123 on the fence. Full Kazakhstan breakdown on the map 👇 https://blossom.primal.net/1c5907619e498306d71d549e01341e6fd683d5a4512f5b507232c39b0e7bcf68.jpg npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act 👀 The sad reality... https://blossom.primal.net/038b4beffc9b447e49e74310e23b18dc79a917aaf1b8c799647ec1ea0107f79e.jpg npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act The full breakdown, why "gains" priced in a debasing unit aren't income, what §23 EStG and the Swiss professional-trader test actually say, and every US bill that's tried and failed to fix this, is what I write twice a week. It's in the bio. Free, no shitcoins. npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act Zero. Not lower. Not phased. Zero. Switzerland exempts crypto gains, unless you trade "professionally." A bureaucrat decides which one you are. Germany exempts them after a 12-month hold (§23 EStG). A clock decides. The US de minimis proposals capped around $300 per transaction. A threshold decides. Every "friendly" regime is the same design: an exemption with a leash. The only number that isn't a leash is zero. 0% on every sat, from the first block to the last, no clock, no cap, no permission slip. Rothbard said it in six words: "Taxation is theft, purely and simply." Notice he didn't add a holding period. They don't tax the printer. They tax the exit. 👀 Tell me why the IRS deserves a single sat of that, and be specific. 👇 npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act While regulators are still arguing about definitions, bitcoiners are just... running the network. Are you running your own node? Be honest. 👇 https://blossom.primal.net/a0881a7e1c3b64cdd1ef8333db7c3f457e60dde17ea6bedca6ddb7955f5a6265.jpg npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act The answer was: B) Becomes law, bans CBDC #nevent1q…9wpg npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act Thanks! Hope the next issue catches your interest! npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act Bitcoin doesn’t need Washington’s permission. It never has. But the jurisdiction war over who regulates it, SEC or CFTC, decides whether the exchanges and custody tools you actually use survive the next enforcement cycle. Tomorrow’s issue: → July 17, NYC: House Digital Assets Subcommittee field hearing on the CLARITY Act: the bill that would hand the CFTC exclusive authority over Bitcoin’s spot market and finally get the SEC off its back for good. → A São Paulo court just ruled AGAINST Coinbase in a $100K self-custody hack case, even though Coinbase never held the user’s keys. If this precedent holds, wallet software providers face strict liability for security they don’t control. Every self-custody dev needs to see this. → Polymarket odds on whether CLARITY actually becomes law this year. Still basically a coinflip. → Every major US regulatory move this week, translated into what it actually means for you, not policy-speak. → Global legal developments, no filler. → Sovereign Question of the Week: a reader’s self-custody question that most lawyers get wrong. My answer, with actionable steps, drops tomorrow. Not your keys, not your coins. Doesn’t mean the law can’t still come for the keys you control. Drops tomorrow. Link in bio. What’s your #1 legal question about holding your own Bitcoin? Drop it below. 👇 npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act Since January 1, every exchange in Europe must hand your name, home address, and full transaction history to the tax office. Not just yours. Shared across every member state. One Bitcoin-only exchange just dragged France to its supreme court to kill it. Their CEO's words: KYC now means Kill Your Customer. Meanwhile in DC, Warren calls the Clarity Act a ticket to sanctions evasion. Full breakdown tomorrow, in my newsletter. Plus Numbers of the Week and every event on next week's calendar. First to open the issue gets 2,100 sats. ⚡ Honest question: if a government database links your Bitcoin to your front door, do you keep stacking KYC, or is no-KYC now a survival requirement? 👇 npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act Every Bitcoiner be like… 👀 https://blossom.primal.net/e1f975135b71ebb0d1f8abee8050a53d70bb771255455421becc1debab1873c7.png npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act The answer was: D) 77 👀 #nevent1q…u47q npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act Only Bitcoiners will get this! ⚡️ https://blossom.primal.net/bb3ed1885878b2b0b715368486e71a97c740b51b0df190be76ba243a9cff3d46.jpg npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act True! npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act Meme of the day #Bitcoin 🧡⚡️ https://blossom.primal.net/178fbd0a5bdc6964bc8c376da61c1edfde575f54bc3d5f206b48281046077253.jpg npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act 👀 Cynthia Lummis just told the Senate the Clarity Act's promise is simple: "₿uild here. Stay here. Grow here." Prediction markets are betting against her. The odds of the Clarity Act passing this year keep falling. A Senate staffer admitted this week: "I don't see how there could be anything by July 4." Plus, Democrats want new ethics language tied to the Trump family's #crypto profits. Meanwhile in Europe, the real #MiCA story isn't Binance. Out of 3,000+ firms that used to operate across the EU, only ~200 have a licence before July 1. Hundreds of thousands of users could lose exchange access within days. Tomorrow's newsletter breaks down both fights: expert analysis, strong opinions, every law & policy event to watch next week, and the Numbers of the Week. 👉 Drops in less than 24h 👉 Open early, earn your 21 sats 👉 If you're not subscribed already, fix that now: https://thebitcoinact.xyz/subscribe Drop a 🫡 if you're opening it tomorrow. npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act Meme of the day #Bitcoin 🧡⚡️ https://blossom.primal.net/c1e2f89597a040b45042825672fe8d338ee4bd56c7a7f7aebf6e0e355945dc2e.jpg npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act 🇰🇷 South Korea just moved its #CBDC out of the lab and into real life: deposit tokens now embedded directly inside commercial banks for payments, settlements, and government subsidies. Meanwhile, the U.S. is moving in the exact opposite direction: the Trump administration and Congress are actively working to kill any American CBDC before it starts. Two of the world's largest economies. Two completely opposing monetary visions. Tomorrow's newsletter breaks down what that tension actually means. We're also covering every major U.S. and global Bitcoin legal development from this week, not just the headlines, but the real consequences for people and businesses operating in this space. Plus: what prediction markets are currently pricing in on the future of #Bitcoin regulation. 🌐 But the centerpiece of tomorrow's issue is the Sovereignty Question of the Week, and this one is personal. I spent years inside the legal department of a major bank. I saw firsthand how account freezing actually works: who decides, on what grounds, and how much power banks truly hold over your money. This week I'm sharing what I witnessed from the inside. If you care about where this is all heading, legally, politically, financially, tomorrow's issue is not one to miss. ⚡ Subscribe now so it lands in your inbox first thing tomorrow. Link in bio. npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act Thanks for sharing! npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act 🙋♂️🙋♂️ npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act Meme of the day #Bitcoin 🧡⚡️ https://blossom.primal.net/e90aa10719d424d29a22827835894a1abf7150933235a5504df0983127de4e32.jpg npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act Meme of the day #Bitcoin 🧡⚡️ https://blossom.primal.net/7b04158224398b50610350c2b1c8394439be9f63761c643fa1d9b08bd50c3e24.jpg npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act Meme of the day #Bitcoin 🧡⚡️ https://blossom.primal.net/93bda41fc11be73bd369614a9e6bc4165200a694b91b81b2be72aca54683bb31.jpg npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act Absolutely! npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act The answer was: C) $500 👀 #Bitcoin #Quiz #nevent1q…kkdt npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act ⚡️ Issue #55 of The Bitcoin Act newsletter is live! 🧡 Dive into the latest global moves reshaping #Bitcoin regulation and adoption. 👉 For subscribers, don’t forget to check and claim your free sats! 👉 Full issue here: https://thebitcoinact.xyz https://blossom.primal.net/c1bf36b82ad6945aea1eadc5d72fffa9f4dcfe10a62aedf17215e549471870a6.jpg https://blossom.primal.net/44e7019ed2a88f62cb97100c6c1ab407a2cb11e046b6efd07b3d01cdfd9a5884.png npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act 🔥 0% Capital Gains Tax on #Bitcoin. 0% tax on foreign income. No wealth tax. No inheritance tax. No gift tax. And now? President Bukele just slashed the residency requirement to only 90 days per year. El Salvador just became one of the most attractive Bitcoin tax havens on the planet. This week’s Bitcoin legal news is stacked… and this is only part of it. Tomorrow’s newsletter delivers: ✅ Expert analysis on this week’s biggest Bitcoin legal developments 🔢 The Numbers of the Week: starting with that 0% 🌎 Your complete roundup of every important global Bitcoin regulatory event a serious Bitcoiner needs to watch next week If you want to stay ahead in Bitcoin & the law… this one’s non-negotiable. 👉 Drops in less than 24h 👉 Open early, earn your 21 sats 👉 If you're not subscribed already, fix that now: https://thebitcoinact.xyz Drop a 🔥 if you’re opening it tomorrow. npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act The poll has ended! ⚡️ Here’s what you voted for: 👇 #Bitcoin #Law #nevent1q…ln4h npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act Meme of the day #Bitcoin 🧡⚡️ https://blossom.primal.net/08a887b2c115bdb25da6b554686da8dcd817ba86f3faa99cac5d61389677b4e6.jpg npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act Stack accordingly! npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act Last week I dropped something I've been quietly building: 👉 A Global Bitcoin Regulatory Map: 140+ countries, all in one interactive globe. The response blew me away. People loved it. Shoutouts, DMs, reposts: way more than I expected. If you missed it last week and want to see how your country (or any country) treats Bitcoin right now, go check it out: 🌍 https://thebitcoinact.xyz/bitcoin-legal-map More to come. 🔨 npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act A new meme every day! npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act Meme of the day #Bitcoin 🧡⚡️ https://blossom.primal.net/5350f0503c23cde3b7f44fdc547fb6ed55e96eb44ea93b66745066b931695638.jpg npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act 💥 BITCOIN REGULATION JUST HIT ESCALATION MODE. Over 200 crypto companies, startups, trade groups, and grassroots organizations just sent a joint letter to Senate leadership demanding an immediate full floor vote on the CLARITY Act. Clear rules for digital assets. Stronger consumer protections. Bitcoin innovation stays in America. It already passed committee with bipartisan support. This is the moment it actually becomes law. Tomorrow’s newsletter connects it all with zero fluff: ✅ The sovereign question of the week: answered ✅ Every major U.S. #Bitcoin & legal development this week and exactly how it hits you ✅ Live prediction-market odds on the biggest Bitcoin legal events ✅ Critical worldwide Bitcoin regulatory moves you need to know Regulation is accelerating. Don’t get left behind. 👉 Drops in less than 24h 👉 Open early, earn your 21 sats 👉 If you're not subscribed already, fix that now: thebitcoinact.xyz Got a specific news you want covered? Reply & tell me. npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act ⚡️ Issue #52 of The Bitcoin Act newsletter is live! 👀 Dive into sharp opinion & analysis, today's key numbers, and the biggest #Bitcoin law & market moves shaking things up. 👉 For subscribers, don’t forget to check and claim your free sats! 👉 Full issue here: https://thebitcoinact.xyz https://blossom.primal.net/566f96e20ae4003f0f73ae2f28cec22eeea31a1397221dc8514f023d66ec521b.jpg https://blossom.primal.net/8e981cb61572cbc911b89ba10bb5b10d95d5e2366470d94f1fb606ed869ea380.jpg npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act Good point! 😂😂 npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act Meme of the day #Bitcoin 🧡⚡️ https://blossom.primal.net/e14e25962f05ab0c56ec090054ab91f8561a2f9fd68b1355ba2f329b2d1be6e8.jpg npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act This week in #Bitcoin law hits different. 🌍⚖️ Tomorrow’s newsletter drops: → Expert takes from lawyers & lawmakers on the biggest legal moves in the US, Europe & beyond → The numbers that define this week in Bitcoin regulation → Every date you can’t afford to miss Big week for Bitcoin. Bigger week for the law around it. See you tomorrow. 🔔 👉 Drops in 24h 👉 Open early, earn your 21 sats 👉 If you're not subscribed already, fix that now: https://thebitcoinact.xyz 👀 Got a specific news you want covered? Reply & tell me. 👇 npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act Well said!! 😂🧡 npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act Haha! It’s weird! npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act The poll has ended! ⚡️ Here’s what you voted for: 👇 #Bitcoin #Law #nevent1q…e68h npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act Meme of the day #Bitcoin 🧡⚡️ https://blossom.primal.net/43b029691134ca626606d95437704c2eec30166e6f9c18a38342e2d94408abcf.jpg npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act Meme of the day #Bitcoin 🧡⚡️ https://blossom.primal.net/bf4c31f3b1089cd838c77f09ba012241e9969752bdf264287f6d174b3c1bc8f1.jpg npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act Bitcoin maxi? 💥 Subscribe to The Bitcoin Act → https://thebitcoinact.xyz and get your FREE Legal Shield Checklist instantly. Stay protected. Who’s in? npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act 🏛️ This week was packed on the #Bitcoin legal front! Jamie Dimon just declared war on the #Clarity Act. The White House fired back. The CFTC just permitted the first Bitcoin perpetual contract on a regulated US exchange. And the US grabbed $1B in Iranian wallets. Tomorrow I go through every single one of these stories with what lawyers, lawmakers, policy experts and industry insiders actually think about it. Not headlines. Opinions. Analysis. Stakes. Plus: 📊 Numbers of the week 📅 Every legal & regulatory Bitcoin event to watch next week 👉 Drops in 24h 👉 Open early, earn your 21 sats 👉 If you're not subscribed already, fix that now: https://thebitcoinact.xyz 👀 Got a specific news you want covered? Reply & tell me. 👇 npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act 🧵 We just crossed 25,000 sats sent to readers of The Bitcoin Act through Lightning ⚡ Not sold. Not farmed. Not VC-funded “engagement”. Just sats sent directly to real Bitcoiners for opening and reading the newsletter early. And honestly… this is exactly the kind of internet I hoped Bitcoin would create. 2/ Every issue, early openers earn sats ⚡ Read first → earn Bitcoin. Simple. No tokens. No points. No fake gamification. Just Lightning working the way it was meant to work. 3/ The coolest part? People from completely different countries are now: • learning about Bitcoin law • earning sats • using Lightning • and interacting economically in real time through a newsletter. That still blows my mind. 4/ Most newsletters want your attention. I wanted to build one that actually gives something back. So instead of: “consume content” it became: “earn and learn.” 5/ We’ve now sent 25,000+ sats directly into the hands of readers ⚡ Tiny payments. Instant settlement. Global. No permission needed. This is the future Bitcoiners were talking about all along. 6/ And the crazy thing is… most people STILL haven’t experienced receiving sats over Lightning. The moment it clicks, you understand Bitcoin differently. It stops feeling theoretical. 7/ This is exactly why I built The Bitcoin Act. Twice-weekly Bitcoin legal intelligence + sats for early readers. No noise. No influencer garbage. Just signal ⚡ 8/ If you’re already subscribed: thank you for helping make this little Lightning economy real. If you want to join us: reply ⚡ and I’ll send you the subscription link in DM. npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act 🧵 Legal thread of the week: They fired every regulator who said no 👇 [1/7] A senior #CFTC official sent staff a pre-written memo recommending approval of a firm's application. Standard practice: staff write recommendations for commissioners. She wrote her own. She is now general counsel of that same firm. [2/7] Three firms sat at the center of the NYT investigation. #Polymarket, invested in by a firm partly owned by Donald Trump Jr., who also advises it. Cryptocom, exclusive partner of Trump Media & Technology Group. Gemini Titan, founders back American Bitcoin, co-founded by Eric Trump. Each needed CFTC sign-off. Each got it. Staff who objected were placed on leave. [3/7] The enforcement numbers tell the rest. Biden CFTC: 80+ cases involving digital asset firms. Trump's second term so far: 2. Both against individual operators. Zero against prediction-market platforms. Zero against the firms whose applications were fast-tracked. [4/7] The revolving door, documented: Caroline Pham, then-acting Chair, pushed approvals through over staff objections. Now at MoonPay, which holds an exclusive partnership with Polymarket. Brigitte Weyls, senior counsel, wrote Gemini Titan's approval memo herself. Now its general counsel. This isn't a scandal. It's a business model. [5/7] Congress is now moving the #CLARITY Act, a bill that would hand the CFTC sweeping new authority over spot commodity markets. Senate Banking Committee advanced it 15-9 earlier this month. Expanding jurisdiction to an agency this structurally exposed is not oversight reform. It's a larger attack surface for the next political cycle. [6/7] The real lesson isn't about Trump. When regulators control market access, political incentives will always, eventually, control regulators. Permission systems don't fail because of bad actors. They fail because the incentive to capture them is always greater than the incentive to defend them. Bitcoin doesn't petition the CFTC to settle a transaction. That's not a coincidence. [7/7] The CLARITY Act passed the House. The Senate is moving. If it passes with the CFTC in its current state, the question isn't whether the agency gets captured again. It's which administration does the capturing, and which industries brought the checkbook. 🏛️ In today’s world, knowing #Bitcoin law isn’t optional, it’s essential for staying free and safe. 💥 Subscribe to my weekly newsletter and get the sharpest breakdowns delivered straight to you: https://thebitcoinact.xyz/ npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act Yeah! npub1kx8fc8xfllpkr28jychmnf2prgrpxs42ld97k9dfv59w2y2ddp3qpcr0qu The_Bitcoin_Act Meme of the day #Bitcoin 🧡⚡️ https://blossom.primal.net/9cd985e638e91b15fb6592aac2ca39aa4f77cbd0334eff2dfc6d379b6011f5f6.jpg