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The Bitcoin Act
TheBitcoinAct@nostrcheck.me
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The newsletter that breaks down Bitcoin law and regulation twice a week, before it hits you. Written by a legal counsel. ⚡
Bitcoin is the only crypto that matters. Everything else is noise. image
Trump just told the Senate to pass a “fair version” of the CLARITY Act. His real objection: the ethics language would stop him and his family from issuing tokens. Today’s issue of The Bitcoin Act breaks it down, plus: → 885,000 phone numbers targeted in a fake wallet-app scam → how many warning letters one government just sent to bitcoin holders over unpaid tax → every legal + bitcoin event on the calendar this week Link in bio.
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.
Bitcoin understanding it’s literally the only uncorrelated asset left in a collapsing financial system. 👇 image
Building The Bitcoin Act in public and this keeps hitting me: I’d rather have a few hundred real Bitcoiners who open every issue and actually reply… than 50k silent scrollers who just like and move on. Big audiences are fiat vanity. 
Tight circles of people who give a fuck are Bitcoin. Signal over noise. Always. Who else is choosing the small, locked-in community over the numbers game? 👇
Me knowing exactly where every sat is, and that nobody can take it from me👇 image
The CLARITY Act is back on the clock. White House crypto adviser Patrick Witt says he is “optimistic and bullish” ahead of the Senate’s planned Sept. 15 cloture vote. But two major fights remain: stablecoin rewards and Trump-related ethics rules. 2/7 Why Sept. 15 matters: Senate Majority Leader John Thune has scheduled a cloture vote on the CLARITY Act. That is a procedural vote to advance the bill, not a final vote to make it law. The bill still has a long road after that. 3/7 The stablecoin fight looked settled. Sens. Thom Tillis and Angela Alsobrooks negotiated a compromise limiting rewards for simply holding stablecoins while preserving certain transaction-based rewards. Now Senate Banking Chair Tim Scott says the issue is back. 4/7 That distinction matters. The legal question is not simply: “Can stablecoins earn rewards?” It is whether a reward is effectively the same as paying interest on a bank deposit. That line could have major consequences for crypto platforms, banks and users. 5/7 Then there is the ethics fight. Democrats want stronger restrictions addressing Trump and other public officials’ crypto conflicts. The proposal would restrict public officials and their spouses from issuing or sponsoring digital assets, while still allowing investment. The details remain contested. 6/7 The bigger legal picture: CLARITY would establish a federal regulatory framework for digital assets and define responsibilities between the SEC and CFTC. But until Congress passes it and the president signs it, none of this is settled law. That distinction matters. 7/7 So here is the real September question: Can lawmakers resolve stablecoin rewards and crypto ethics while finding the votes needed to move the bill? Patrick Witt is bullish. The legislation still has to survive Congress. For bi-weekly, plain-English analysis of the laws shaping Bitcoin and crypto, subscribe to The Bitcoin Act:
Real talk, did you buy Bitcoin as an investment or as insurance against the system? 👇 image
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. 👇
Bitcoin is dead" has been declared over 400 times now. How many times have you personally seen this headline? 👇 image
Regulation headlines = kitten energy. Stacking sats through all of it = tiger energy. image
France's tax agency just leaked the names, home addresses and declared income of 678,437 people. The state collected that data by law, then lost it. In the country that leads the world in wrench attacks. Your KYC form is not a safety measure. It is a list. And lists get stolen. Issue #72 of The Bitcoin Act is live. Also inside: 🗽 New York's Republican candidate for governor is running on abolishing the BitLicense 🇮🇪 Ireland's new AML strategy adds checks on transfers involving privately held wallets 🏛️ Trump and the CFTC chair meet industry executives Wednesday to open federal market-rule talks Two issues a week. Free. Link in the first reply. Serious question for the room: should tax agencies be allowed to hold holdings data at all? 👇
Up or down, still smiling, still stacking. Who else is built like this? 🟠 image
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. ₿
Quick question for bitcoiners: Does your country have a framework law on cryptoassets? image
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? 👇
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