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The Bitcoin Act
TheBitcoinAct@nostrcheck.me
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We cover Bitcoin & legal news in our newsletter 📰, and share threads, polls & the best Bitcoin memes on Nostr 😎. Save time, stay informed, laugh a little.
🧡 Feeling grateful to have hit 100 followers! ⚡️ In these turbulent times, with #Bitcoin going through a tough correction, it’s a reminder that real conviction shows up when the market dips. Thanks to each of you who’s joined this community of dedicated HODLers. Your support means a lot. A big shoutout to my growing newsletter family, your numbers are climbing, and I’m committed to sharing clear, straight-to-the-point Bitcoin insights. 📚
🇺🇸 Illinois proposes the Community #Bitcoin Reserve Act. The bill creates a state program to hold Bitcoin in multisig cold storage, starting with the Altgeld Bitcoin Reserve. image
🏛️ Senator Cynthia #Lummis argued that #Bitcoin tax guidance is needed, including de minimis exemptions for small transactions to make BTC spendable, with Bessent committing Treasury collaboration despite complexities. image
🇺🇸 Treasury Secretary Scott #Bessent criticized #Bitcoin “nihilists” who prefer no regulation over the Clarity Act, stating they “should move to El Salvador” to avoid what he called “very good regulation” for the industry. image