Laws move slower than markets. But they hit harder. This is issue #61 of The Bitcoin Act — your Tuesday and Sunday briefing on the legal and regulatory moves that actually shape Bitcoin.

Now for today’s top stories:

🏛 North Carolina Ratifies Kiosk Rules
North Carolina ratified Bitcoin kiosk rules effective 2027 with limits and licensing while New Jersey advanced a ban.

🇺🇸 CLARITY Act Talks Stall
Law enforcement groups endorsed or neutralized the CLARITY Act with no ethics deal yet.

🏦 Trump Bitcoin Reserve Delayed
President Trump's Bitcoin reserve plan hit a snag over management and holding concerns, Bloomberg reported July 6.

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North Carolina ratified House Bill 920 on July 2, 2026. Effective January 1, 2027, the law regulates Bitcoin kiosks with daily limits of $2,000 for new customers and $5,000 for existing, 48-hour holds, 12 percent fee caps, fraud screens, receipts, and licensing for operators.

These rules increase regulatory oversight on Bitcoin kiosk operators starting next year, raising risks of added KYC and data demands that could expose stackers. In New Jersey, Senate Bill 2141 advanced to prohibit Bitcoin ATMs. More states may follow.

Legiscan

The National Organization of Black Law Enforcement Executives endorsed the CLARITY Act while the Major County Sheriffs of America shifted to neutral. No ethics agreement has formed yet amid scrutiny of President Trump's Bitcoin income, with possible Senate floor action after the July 13 recess.

Any final CLARITY Act could bring limited rules for Bitcoin but carries risks of expanded federal tracking if law enforcement input weakens key sections. Ethics fights over officials' Bitcoin activities highlight political entanglement. Contact your senators now to demand strong privacy and self-custody protections in any bill.

Crypto in America

President Trump's plan for a strategic Bitcoin reserve using forfeited Bitcoin and budget-neutral buys hit a snag over Treasury management, possible shift to Commerce, and indefinite holding due to volatility, Bloomberg reported July 6, 2026. Codifying bills continue in Congress. Trump also declared Bitcoin could be added to ‘Trump accounts’.

The delay leaves formal government Bitcoin holdings uncertain but changes nothing for your self-custodied sats. Protect your sovereignty by holding your own keys and ignore government programs.

The Block

🇰🇷 South Korea Seizure Rules Proposed
South Korea’s Supreme Court proposed amendments for seizing and liquidating virtual currency holdings in civil cases. Debtors must transfer assets to enforcement officers for sale or creditor delivery. Public comments close August 11, with rules expected in October.

🇬🇧 Farage Funding Undisclosed
Nigel Farage failed to declare payments for security, staff, and accommodation from convicted fraudster George Cottrell, linked to an offshore virtual currency gambling platform, before his 2024 UK election. The Sunday Times reported the breach.

🇷🇺 Russia Digital Ruble Ready
Bank of Russia Governor Elvira Nabiullina said major banks and retailers are prepared for the digital ruble rollout. Systemically important banks will offer the state digital currency to clients from September 1.

🇪🇺 ESMA Warns Prediction Markets
On July 3, ESMA stated that some event contracts on prediction platforms may qualify as binary options under MiFID II. Platforms must assess if authorization is required as derivatives.

🇧🇷 Brazil Busts Laundering Ring
Brazilian Federal Police launched Operation Exchange in São Paulo against a virtual asset money laundering ring tied to the PCC cartel. The operation processed nearly $2 billion. One suspect remains fugitive.

🇬🇧 UK FCA Virtual Asset Rules
The UK FCA published final rules for virtual asset trading platforms on July 4. The framework allows overseas liquidity access but requires strict authorization covering AML and consumer standards.

🇧🇹 Bhutan Sierra Leone ID Deal
On July 7, Bhutan’s National Digital Identity, Sierra Leone’s government, and SIGN Foundation agreed to build Sierra Leone’s national digital identity platform using open-source W3C-compliant technology.

🇭🇰 Hong Kong Gold Clearing Trial
Hong Kong started trial operation of its new gold clearing and settlement system on July 7 with major banks. It supports trading and physical delivery to build a bullion hub.

🇿🇦 South Africa Tax Guidance
South Africa’s SARS published draft guidance on July 5 on taxing Bitcoin activities under existing rules. Trading and spending count as taxable disposals. Comments close August 31.

🇩🇪 Germany Ends Tax Exemption
Germany’s government targets ending the one-year tax-free holding period for Bitcoin gains in 2027 budget planning. Gains would face capital income taxation.

Every week I drop one concrete, actionable answer to a legal or political question that actually affects your life as a Bitcoiner, focused on a specific, real-world action you can take. No theory. No fluff. Just the move.

This week: Bitcoin inheritance — Getting your sats to your heirs without a trace in probate

You've hardened your keys against hackers, exchanges, and your own bad decisions, but the one attacker no cold storage setup can stop is your own death. If you're the only person who can reach your seed phrase, every sat you've stacked through years of hodling dies with you.

Got a legal or regulatory question you want answered next Tuesday? Hit reply and send it.

📊 CLARITY Act signed into law in 2026? — 47% Polymarket

📊 Will a new country buy Bitcoin by December 31, 2026? — 23% Polymarket

📊 Will Trump pardon Roger Ver before 2027? — 7% Polymarket

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“Taxation is theft, purely and simply even though it is theft on a grand and colossal scale which no acknowledged criminals could hope to match. It is a compulsory seizure of the property of the State’s inhabitants, or subjects.” — Murray N. Rothbard

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