Most newsletters extract attention and give nothing back. Fountain (and a few other pure Bitcoin things) flipped that principle. Sats flow both ways for real attention. That stuck with me. So every issue of The Bitcoin Act works the same way: the first person to open it gets 2,100 sats over Lightning. One winner. No split. No raffle. Straight to their wallet. Used to be 21 sats for anyone who opened early. Then it felt off. Bitcoin doesn’t pay every miner who shows up. One takes the block. Same rule here. Just the legal signal that matters for staying sovereign, and sats for the fastest reader. Anyone else building something where sats actually move both directions? 👇

Bitcoin dominates them all! Do you agree?

Another unlicensed “crypto” platform just got its websites taken down. Investors report blocked withdrawals. The platform blamed the regulator. The regulator said that’s a lie. Yepbit is the latest reminder: if you don’t hold the keys, you don’t hold the coins. Thread 🧵 2/ ASIC (Australia’s securities regulator) used its website takedown powers on Wednesday to remove several sites linked to Yepbit. This came after investors reported they could not withdraw funds from the digital assets and futures trading platform. ASIC also added fresh warnings to its Investor Alert List. 3/ Yepbit told some investors that ASIC had frozen their funds while the platform dealt with audits or regulatory requirements. ASIC called those claims false. The regulator said it took no steps that stopped Yepbit from returning any funds. 4/ Yepbit does not hold an Australian Financial Services Licence. It is also not registered as a virtual asset service provider with AUSTRAC. ASIC has issued multiple alerts on Yepbit domains since March, with more added recently. 5/ This is not just an Australian issue. In February the Philippines SEC issued a cease-and-desist order against Yepbit Exchange Pty Limited and Fidelity Capital Investment Group for soliciting investments without the required approvals. 6/ In July Ghana’s SEC warned the public against Yepbit Exchange and Bonchat, calling them suspected fraudulent investment schemes and confirming neither is licensed. 7/ Unlicensed platforms that block withdrawals and then invent regulatory excuses are a familiar pattern. Your coins sitting on someone else’s website are not your coins. Self-custody exists for a reason. Stack sats. Hold your own keys. Ignore the shiny platforms that promise easy yields without real licenses. Have you or anyone you know been caught by one of these? Drop it below. Stay sharp out there.​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​ 8/ Want the full legal analysis on every Bitcoin bill, ethics trap, and regulatory landmine before the headlines hit? Subscribe free at

The Bitcoin Act

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The Bitcoin Act is the first newsletter covering Bitcoin regulation, sovereignty, and legal developments. Subscribe free.

No fluff. Just the clarity Bitcoiners actually need.

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? 👇

And you, how many times a day do you check what’s in your wallet?

Callout post. Be honest, are you actually running your own node right now, yes or no? 👇

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? 👇

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.

The Senate just punted the Clarity Act to September. Alsobrooks says the work isn't dead, just delayed. Crypto Council for Innovation is calling it a delay, not a derailment. Prediction markets are less convinced: odds on Clarity passing this year just fell to ~15%, down from 30% a week ago. Tomorrow's issue of The Bitcoin Act: → US + global expert takes on what the delay really means → This week's numbers in bitcoin law → Every bitcoin/law event on your calendar next week $BTC doesn't wait on cloture votes. 🟠 Does Clarity clear the Senate before midterms eat the floor schedule? Drop your take below.

Who else feels like this? 🤣

This is the way! 😉

I could talk about Bitcoin and the law for hours and never run dry. Most people glaze over after two minutes. My old circle used to politely change the subject. Now I just write the damn newsletter instead. Building The Bitcoin Act has turned that obsession into the best part of my day. Digging through court filings at midnight, arguing with myself over self-custody language, turning dry statutes into something that actually matters to people who run nodes. It’s not content. It’s the thing I genuinely look forward to. What’s the one topic you could go on about forever without getting tired? 👇

The Bitcoiner brain in one panel. Be honest, is there a rule you'd actually admit makes sense, or is it "no" by default? 👇

Bitcoin doesn’t care! 🍊

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?

An estimated $114M+ has been drained from Coldcard wallets this week, a 4th wave is running right now. Nobody touched a device. Tomorrow’s Bitcoin Act issue: → What actually happened, and who’s still exposed → The US + global law news moving Bitcoin right now → 3 live prediction-market odds on the crypto bill everyone’s watching → This week’s Sovereign Question: what to do right now if you own a Coldcard If you’re holding one, have you moved your funds?

Thanks to @Bittr 🐷💰 for this super meme! It allows us to laugh a little during this complicated period for bitcoiners!

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?

Bitcoin IS hope

🚨 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.​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​