Laws move slower than markets. But they hit harder. This is issue #50 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:

👀 Peirce Supports Bitcoin Privacy Infrastructure
SEC Commissioner Hester Peirce defended crypto privacy tools as legitimate financial infrastructure.

🇪🇺 EU Forecasts Virtual Currency Tax
European Commission analysts forecast a 0.1% tax on virtual currency transactions could generate €3-4 billion yearly for the EU budget.

🏦 Dimon to Fight CLARITY Act
JPMorgan CEO Jamie Dimon said he will fight the CLARITY Act. His opposition risks stalling the bill.

Senator Cynthia Lummis (U.S. Senator, Republican — Wyoming) said the United States must set the global standard for Bitcoin regulation or China will, and the CLARITY Act lets America lead so adversaries cannot write the rules.

Emmanuel Macron (President of France) warned that failing to regulate virtual currencies could create a new unregulated Far West for criminals and terrorists, calling for more rules to ensure financial stability.

Hester Peirce (Commissioner of the U.S. Securities and Exchange Commission) has come out in strong defense of crypto privacy tools, describing them as legitimate and essential financial infrastructure. She urged regulators to stop viewing privacy-enhancing technologies with automatic suspicion.

Jamie Dimon (Chief Executive Officer of JPMorgan Chase) said he will fight the CLARITY Act as it lets virtual currency firms offer interest-like rewards on stablecoins without proper safeguards and fails to address anti-money laundering rules.

Patrick Witt (Executive Director, President’s Council of Advisors) pushed back on Dimon, saying the CLARITY Act addresses anti-money laundering rules and explicitly prohibits virtual currency firms from paying interest on stablecoin balances like bank deposits.

Michael S. Selig (Chairman of the Commodity Futures Trading Commission) said the agency has approved true perpetual contracts on Bitcoin on registered U.S. exchanges to manage risks like leverage under American oversight instead of offshore.

According to Politico, European Commission analysts (EU executive body) forecast that a 0.1% tax on virtual currency transactions could generate €3-4 billion per year for the EU budget, with capital gains taxes providing additional revenue.

President Donald Trump said he will push to codify a future-proof market structure for Bitcoin that cannot be undone by critics while America leads globally.

Marie-Anne Barbat-Layani (President of France's AMF regulator) warned that virtual currency companies must obtain EU licenses by June 30 or face blacklisting and prosecution for continuing to seek European customers.

Scott Bessent (U.S. Treasury Secretary) announced that the United States has seized nearly $1 billion in crypto from Iran by taking control of the wallets. He also stated that there will be no central bank digital currency, as it would enable the tracking of citizens’ transactions.

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🇺🇸 4 – Texas Acting Comptroller Kelly Hancock appointed four experts including CleanSpark CFO and a Bitcoin miner CEO to the Strategic Bitcoin Reserve Advisory Committee under SB 21. The Block

🇪🇸 €1.3 million – Spain's National Police detained six Tren de Aragua suspects over violent theft of €1.3 million in virtual currency and jewels. Bitcoin.com

🇮🇷 12 – Iran's parliament advances a 12-article bill asserting sovereignty over the Strait of Hormuz with Bitcoin and stablecoin toll payments. Cryptobriefing

🖥️ $1.9 million – Miami IT worker Nahum Reynaldo Castro was arrested for stealing $1.9 million in Bitcoin from his former employer in 2020. Bitcoin Magazine

₿ 10 BTC – Florida congressional candidate Michael Carbonara sold 10 Bitcoin worth about $800,000 to fund his 22nd district campaign. CoinBureau

🇯🇵 June 1, 2026 — Japan FSA Foreign Stablecoin Rules Effective — Revised ordinance takes effect; qualifying foreign-issued stablecoins gain legal status for Japanese platforms under the Payment Services Act if issuers hold equivalent licenses, maintain audited collateral, and meet cooperation standards. Watch resulting shifts in Asian stablecoin liquidity and Bitcoin trading pairs.

🇳🇴 June 1, 2026 — Oslo Freedom Forum Begins, Oslo — Human Rights Foundation’s annual gathering of technologists, policymakers, and activists on freedom and innovation opens for three days; sessions explore censorship-resistant tools and decentralized systems. Watch Bitcoin-adjacent conversations on financial sovereignty and open-source infrastructure.

🇫🇷 June 1–7, 2026 — France AMF MiCA Compliance Sprint — Platforms enter the final weeks before the June 30 MiCA authorization deadline, pushing to complete applications or risk blacklisting and enforcement action, including prosecution, for targeting EU customers. Watch which Bitcoin exchanges secure passports or limit European access. 

🇺🇸 Early June 2026 (anticipated) — U.S. Senate CLARITY Act Floor Window — Landmark Bitcoin market-structure bill awaits full Senate scheduling after Banking Committee advance. Watch for statements from Chair Tim Scott on floor timing, updates from Sen. Lummis, and lobbying pushback from banks on stablecoin yields and AML rules.

🇹🇷 June 2–3, 2026 — Istanbul Web3 Summit, Hilton Bomonti Hotel — East-meets-West innovation gathering hosts founders, investors, and Turkish parliament members; discussions center on regional adoption and policy. Watch signals on Turkey’s stance toward Bitcoin and cross-border digital finance.

🇫🇷 June 2–3, 2026 — Proof of Talk 2026, Paris — Curated leadership summit at the Louvre complex features high-profile speakers including Cathie Wood and Barry Silbert; format emphasizes governance and long-form debate over hype. Watch Bitcoin market and policy commentary from ARK Invest and Digital Currency Group.

🇳🇱 June 2–4, 2026 — Money20/20 Europe, Amsterdam RAI — Major fintech conference convenes banks, payments firms, policymakers, and innovators on AI finance, real-time rails, and regulation. Watch sessions exploring stablecoin integration and infrastructure relevant to Bitcoin settlement layers.

🇦🇺 June 4, 2026 — RBA Payments System Board Meeting — Australia’s central bank board meets on wholesale payments, tokenized assets, and ongoing innovation programs. Watch any fresh signals on tokenization policy or Bitcoin-friendly infrastructure development.

🏛️ June 6, 2026 — FOMC Blackout Period Begins — Federal Reserve communications blackout starts ahead of the June policy meeting and runs through June 18; governors and staff may not discuss monetary policy publicly. Markets lose their final pre-decision guidance window. 

“It used to be the boast of free men that, so long as they kept within the bounds of the known law, there was no need to ask anybody’s permission or to obey anybody’s orders.” — Friedrich Hayek

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