Laws move slower than markets. But they hit harder. This is issue #54 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:

🏛 Banks Attack Clarity Act
Rebeca Romero Rainey slammed Clarity Act stablecoin reward rules for harming community banks.

🏢 SEC Proposes NMS Changes
Paul Atkins proposed scrapping key Regulation NMS rules to simplify markets and boost tokenized trading competition.

🇵🇱 Poland Vetoes Bitcoin Bill
Karol Nawrocki vetoed Bitcoin regulation legislation for the third time over excessive industry burdens.

Rebeca Romero Rainey (President and CEO, Independent Community Bankers of America) argued that Clarity Act language on stablecoin rewards gives firms a free pass that could draw deposits away from community banks serving local economies and Main Street businesses.

Zoltán Tanács (Minister of Science and Technology of Hungary) announced that the government will scrap rules imposing jail terms for unlicensed Bitcoin trading, calling them politically motivated rather than needed market safeguards.

Paul Atkins (Chairman of the U.S. Securities and Exchange Commission) proposed rescinding Rules 611 and 610 of Regulation NMS to simplify market structure, reduce costs for participants, and promote competition plus innovation in equity markets.

Tim Scott (Chairman of the Senate Banking Committee) stated that stablecoins backed by dollars or U.S. Treasuries boost U.S. dollar dominance as the world’s reserve currency by increasing demand for American assets.

Sen. Cynthia Lummis (R-WY) stated that the existing rules for Bitcoin already exist and the Clarity Act will turn them into clear federal law for greater regulatory certainty.

Karol Nawrocki (President of Poland) vetoed Bitcoin regulation legislation for the third time, arguing the bill failed to address his prior objections and placed excessive burdens on the industry overall.

Patrick Witt (Executive Director, President’s Council of Advisors) said that the Clarity Act is expected to pass by July 4 as lawmakers advance federal Bitcoin rules through Congress.

Eleanor Terrett (journalist) said that hitting the July 4 timeline for the Clarity Act is logistically impossible due to the need for an ethics solution, bill merger, and sixty votes in two weeks.

A Seychelles court ordered KuCoin entities to pay a Swiss investor more than two million dollars after ruling the exchange could not treat delisted tokens as abandoned property.

The U.S. Securities and Exchange Commission approved T. Rowe Price’s multi-asset Bitcoin ETF that could include Bitcoin along with up to fourteen other tokens in one investment product for institutions.

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🇸🇻 90 days – El Salvador slashed the annual physical presence requirement for temporary residents from nine months to just 90 days per year to access 0% capital gains tax on Bitcoin under its territorial tax system. Bitcoin News

🇿🇼 $500 – Digital currency firms must pay a $500 annual registration fee to operate legally in Zimbabwe under the new 2026 law enforced by the central bank. Bitcoin.com

🇺🇸 $389.7 million – Two Eastern European men were charged by U.S. prosecutors for laundering $389.7 million in Bitcoin through the AudiA6 mixing service over several years. Bitcoin Magazine

🏛️ 20% – Japan’s advancing parliamentary bill proposes a flat 20% tax rate on gains from digital currencies, down from the current maximum rate of 55%. The Block

👀 June 14, 2026 – The Bangko Sentral ng Pilipinas banned privacy coins on licensed digital currency platforms on June 14, 2026, to tighten anti-money laundering compliance rules for all listed tokens. Pluang

🇩🇪 June 15, 2026 — Berlin Blockchain Festival opens at w3.hub in Berlin — Seven-day event starts with regulatory panels on BaFin oversight, MiCA requirements, and Bitcoin trading topics drawing thousands of attendees and policymakers.

🇦🇺 June 15, 2026 — Australian Digital Economy Conference opens in Sydney — Event begins with regulatory breakfast featuring Treasury, ASIC, AUSTRAC and others discussing policy, compliance, and digital finance infrastructure. 

🇬🇧 June 16, 2026 — 2026 Future of Finance Conference in London — Global Blockchain Business Council event at Norton Rose Fulbright exploring crypto regulation, stablecoins, tokenized assets, and digital finance trends with policymakers and industry leaders.

🇨🇭 June 16–17, 2026 — DigiAssets Connect in Zurich — Confidential institutional forum at Renaissance Zurich Tower Hotel on digital asset adoption, tokenisation, ETFs, stablecoins, and global regulation including MiCA for hedge funds and asset managers.

🇧🇷 Expected in coming weeks — Brazil Chamber of Deputies floor votes on Bill 4212/25 — Bill advances to impose strict limits on any future central bank digital currency, banning its use as cash substitute or surveillance tool.

🇳🇬  Expected early July 2026 — Nigeria Senate Committee on Capital Market recommendations — Committee finishes four-week public hearing on the cryptocurrency regulation bill and returns recommendations to Senate for licensing exchanges and investor protections.

🇪🇺 Final weeks before July 1 — With the MiCA compliance deadline now just over two weeks away in the European Union, only authorized entities will continue full operations after July 1.

🇺🇸 Narrow window this summer — The U.S. Senate must find floor time in the coming weeks to debate the CLARITY Act before its summer recess, as the bill has been on the legislative calendar since June 1 with active negotiations still underway.

“Government spending cannot create additional jobs. If the government provides the funds required by taxing the citizens or by borrowing from the public, it abolishes on the one hand as many jobs as it creates on the other.” — Ludwig von Mises

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