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The Bitcoin Act
TheBitcoinAct@nostrcheck.me
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We cover #Bitcoin & legal news in our free newsletter 📰, this is where The Bitcoin Act community shares memes, takes & drops on Nostr 😎 Stay sovereign 🚀
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: 🌍 More to come. 🔨
🧵 Legal thread of the week: Bitcoin taxes: Republicans drop 7 bills, Democrats say slow down [1/7] House Ways and Means held its first legislative hearing in years on Bitcoin taxation. Republicans arrived with seven bills ready. [2/7] Those seven Republican-led bills target real friction points in how #Bitcoin is taxed today. • Tax limits on smaller Bitcoin transactions • Deferred taxation for Bitcoin mining rewards until you sell them • Wash sale rules extended to Bitcoin — meaning you cannot claim a loss if you repurchase similar Bitcoin within 30 days [3/7] None of these bills move on party lines alone. They need bipartisan support to clear committee. Only then could they hitch a ride on a reconciliation package — which passes with a simple majority but carries strict content rules. [4/7] Ranking Democrat Richard Neal called the proposals “sensible” overall. He also flagged that some provisions deviate substantially from general tax principles. His larger point: this is novel territory. Caution is warranted. [5/7] Rep. John Larson, D-Connecticut, captured the tension directly. He sees urgency around Bitcoin tax rules. But he asked aloud whether Congress is acting too quickly, when far more questions remain than answers. [6/7] Midterms hit in November. Lawmaker attention is already drifting to campaigns. #Bitcoin tax legislation now competes with government funding and the annual defense bill, the clock is real. [7/7] The split is no longer about whether Bitcoin deserves tax rules. It’s whether those rules should copy traditional tax code line-for-line, or actually reflect how Bitcoin works. Which side wins? 🏛️ 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:
💥 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.
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The_Bitcoin_Act 0 months ago
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: 👀 Got a specific news you want covered? Reply & tell me. 👇
👀 I got tired of watching Bitcoiners google “is Bitcoin legal in my country” and land on 3-year-old blog posts. So we built the answer ourselves. Interactive map. Every country. One click. 🌍⚡ Link in comment 👇 #Bitcoin
🧵 Legal thread of the week: ASIC Warns Gen Z: Crypto Scams Are Hiding in Your WhatsApp “Share Trading” Groups #ASIC just warned: scammers are using social media “share trading” ads to pull Gen Z into messaging app groups — then straight onto fake digital asset platforms. 72% of 18-28 year olds have seen the ads. 41% have been contacted about investing in crypto. The pattern is identical every time. You click the ad. You join the WhatsApp group. Scammers impersonate known figures with “hot tips.” They send you to a fake platform that shows real-looking #trades and profits. There is no trading. Deposits go straight to the scammers’ bank accounts. When you try to withdraw, they charge extra “fees”, then the money is gone. The same groups now run recovery scams on pump-and-dump victims too. Gen Z is the target because they’re online and active. Survey of 1,127 Australians aged 18-28: • 23% own digital assets • 66% of owners trade short-term and speculatively • 29% base trades on social media influencers ASIC’s three practical steps: Don’t act on investment advice from social media or messaging groups. Before sending money, check the platform on AUSTRAC’s register of legitimate virtual asset service providers. If it feels wrong, contact your bank and the authorities immediately. This alert lands two months after Parliament passed the Corporations Amendment (#Digital Assets Framework) Bill 2025. Royal Assent: 8 April. Digital asset platforms and custodians must now hold an Australian Financial Services License, same as every other regulated financial firm. 12 months to comply. The #law puts fake platforms on notice. Until enforcement is complete, the only real defense is still the oldest one: verify first, then send a cent. 🏛️ 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: