The Bitcoin Act
@thebitcoinact.xyz
The newsletter that breaks down Bitcoin law and regulation twice a week, before it hits you. Written by a legal counsel. ⚡ First opener wins 2,100 sats. Subscribe now 👉 https://thebitcoinact.xyz 📰
Democrats just tanked the CLARITY Act. Punchbowl News confirms it: Senate Dems will deny cloture. No 60 votes. Landmark crypto market structure bill dies this week before the recess. Bitcoin doesn’t need permission. But this delay keeps the FUD alive. Here’s the full legal breakdown.
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?
🚨 Crypto Quiz How much did Americans report losing to cryptocurrency fraud in 2025, according to figures cited in the debate over stronger crypto legislation? 🔘 A) $6 billion 🔘 B) $9 billion 🔘 C) $11 billion 🔘 D) $18 billion
An estimated $114M+ has been drained from Coldcard wallets this week, a 4th wave is running right now. Nobody touched a device.
Love 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.
🚨 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. Self-custody FUD is real and Bitcoin is feeling it.
The protocol is unassailable. Got friends who still think it’s possible to control Bitcoin? 👇
What's the best country to live in as a bitcoiner? 1/ El Salvador 2/ USA 3/ Switzerland 4/ Other 👇
I publish The Bitcoin Act in public. The writing is only half of it. The other half is the conversations that follow: email replies, X chats that keep me honest, and talks in the community that cut straight through the noise.
"Bitcoin is a commodity, not a security." You've heard it a hundred times. It isn't written into a single U.S. law. It's a regulator's position. And positions get reversed.
Lawmakers: "We're going to control this." Bitcoin: keeps producing a block every 10 minutes regardless Name one law that's actually slowed the network down. Just one. 👇
The CLARITY Act is being sold as Bitcoin's big win. Right now the NY AG is trying to jam mandatory KYC and mixer limits into it. 7 pro-Bitcoin Democrats already say the text falls short. The Senate's racing to vote before recess. Most people cheering haven't been watching what's getting added.
Which crypto exchange did the EU just add to its Russia sanctions list — barring EU persons and companies from transacting with it starting August 23? 1/ Kraken 2/ Binance 3/ HTX
👀 North Korea's Lazarus Group has stolen $6.75B in crypto since 2019. $2.02B of that in 2025 alone, up 51% year over year. Sen. Lummis says the CLARITY Act closes the gap. Section 305 gives exchanges the power to freeze any transaction for 30 days, no court order required, extendable to 180 days.
Be honest. How long did you take the blue pill before you finally switched? 👇
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."
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.
Do you think taxation is theft, as Murray Rothbard argued? 👇
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.
