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?👇

Be honest, how many times have you tried to explain this to a normie and just given up halfway through? 👇

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.

What do you think? 👇

There is no "confused" here. One path debases your savings by design. The other has a hard cap of 21 million. What's actually confusing about this to people? 👇

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? 👇

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. ⚖️

People ask why I write my newsletter under "Satoshi's Lawyer" instead of my real name. Here's the honest answer. I didn't pick a pseudonym to hide. I picked it because the idea matters more than the person saying it. Bitcoin was never supposed to have a face. Satoshi disappeared on purpose. No cult of personality, no guru, no one to worship or cancel. Just the protocol, standing on its own. When I started writing the newsletter, I kept asking myself: do I want people to read this because of who I am, or because of what it says? Every time, the answer was the second one. A name creates a filter. People read you differently once they know your age, your job, your face, your bio. They start reacting to the messenger. I didn't want that noise between the reader and the idea. "Satoshi's Lawyer" is a joke and a mission statement at the same time. That's the whole reason. Not mystery for mystery's sake. Just trying to let the idea speak louder than the byline. Why do you think Satoshi disappeared? 👀👇

Translation: "We can't control it, so we're calling it dangerous." This has been the playbook since day one.

👀 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? 👇

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

Bitcoin fixes this, right? 👀👇

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 👇

Who needs a lawyer? 👀😂

🚨 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.

It's 2026 now, but this meme still checks out! 👀 Do you know what major shift in U.S. monetary policy occurred in 1971? 👇

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 🔻

If a person did this with their own bank account, we'd call it fraud. When a government does it, it's called "monetary policy." Change my mind. 👇

Yesterday, Congress held a hearing on Bitcoin’s future. Almost nobody’s talking about what actually happened in that room. The CLARITY Act has sat on the Senate calendar since missing its own July 4th deadline. No floor vote. No cloture motion. Just silence, while three unresolved disputes quietly decide how your Bitcoin gets treated under U.S. law. Tomorrow we break it all down: → Real analysis from experts across the US, EU & Asia — the actual disagreements shaping policy, not press releases → Numbers of the Week — the data impacting BTC → Every date bitcoiners need on their calendar next week — hearings, votes, deadlines most headlines will miss No noise. Just what protects your Bitcoin. Link in bio. Reply 🟠 if you’ll be reading tomorrow.

This is hands down my favorite meme! 😂 Bitcoin maximalists will definitely recognize themselves!