Welcome to issue #25 of The Bitcoin Act, where every Tuesday and Sunday we track the legal and regulatory moves that actually shape Bitcoin, cutting through noise, narratives, and theater.

Now for today’s top stories:

🇺🇸 Michigan BTC Payroll Bill
Rep. Matt Maddock’s bill lets state workers get paid in Bitcoin from 2027 and bans state CBDCs to protect privacy.

👀 Tennessee 10% BTC Reserve
Strategic Bitcoin Reserve Act recommended for passage, allows treasurer to put up to 10% of public funds into Bitcoin as an inflation hedge.

🏛️ Senate Anti-CBDC Housing Bill
"21st Century ROAD to Housing Act" clears cloture 84-6, includes Fed CBDC ban until 2030 while boosting housing supply.

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Michigan State Representative Matt Maddock has introduced legislation that would permit state civil service employees to request payment of their wages in Bitcoin, while explicitly prohibiting the issuance or offering of a state-owned or state-controlled central bank digital currency.

Effective from January 1, 2027, the bill allows employees to choose from up to six digital currency options, subject to conditions where one must be Bitcoin, and requires the state to accommodate such requests through in-person payment at the treasury office in Lansing, direct deposit, or electronic transfer, but without any state-backed digital tokens that could enable government surveillance or control.

Bitcoin Magazine

Tennessee's Strategic Bitcoin Reserve Act has been recommended for passage by lawmakers and referred to the Finance, Ways, and Means Committee for further consideration. If passed, the bill would empower the state treasurer to allocate up to 10% of designated public funds, such as those in state investment portfolios, directly into Bitcoin as a strategic reserve asset to hedge against economic volatility and inflation.

This development positions Tennessee among a wave of states exploring Bitcoin integration into public finances, emphasizing its role as a store of value amid concerns over traditional monetary policies.

Cointelegraph

The US Senate has advanced the "21st Century ROAD to Housing Act," a major bipartisan housing affordability package that includes a provision temporarily banning the Federal Reserve from issuing or creating a central bank digital currency or similar digital assets.

The bill, which cleared a procedural cloture vote 84-6 on March 2, 2026, to limit debate and proceed to full consideration, focuses primarily on boosting US housing supply, reducing costs, and curbing corporate landlord dominance, but its anti-CBDC clause, found in Title X, Section 1001, prohibits such issuance until December 31, 2030, with an exception for open, permissionless, privacy-preserving dollar-denominated currencies akin to physical cash.

The Block

🇰🇷 South Korea Ramps Up Seized Crypto Oversight
South Korea's finance minister pledged an urgent review of seized crypto custody after a tax agency leaked a wallet recovery phrase, resulting in $4.8 million in stolen tokens.

🇯🇵 Bank of Japan Tests Blockchain Settlement
Bank of Japan plans to test central bank money on blockchain for interbank and securities settlement, collaborating with experts to explore domestic use cases.

🇨🇳 China Blocks Accounts Over Dogecoin Mentions
China freezes bank accounts for mentioning Dogecoin or crypto in transfers, enforcing strict anti-crypto policies with penalties and unfreezing requirements.

🌎 Court Rejects Trump Tariff Delay
A federal appeals court rejected the Trump administration’s request to delay tariff refund litigation, allowing importer refund cases to move forward.

🇮🇷 Iran's Crypto Economy Faces Conflict Risks
Iran's $7.8B shadow crypto economy, fueled by state-sponsored Bitcoin mining and stablecoins, risks disruption from US-Israeli strikes on its power grid.

💥 US Seizes $580M in Scam Crypto
US authorities seized over $580M in Bitcoin and crypto tied to Southeast Asian 'pig butchering' scams, escalating the Justice Department's anti-fraud efforts.

🇭🇰 Hong Kong Unveils Bitcoin Tax Breaks
Hong Kong offers profits tax exemptions on Bitcoin for family offices meeting requirements, aiming to attract global wealth starting 2025-26.

🇨🇳 China Forces Tether to Kill CNHT
China's Regulation 42 bans offshore RMB stablecoins, compelling Tether to discontinue CNHT with one-year redemptions amid strict penalties.

🇯🇵 Japan Seeks Private AML Help
Japanese regulators launched a pilot with private firms and exchanges to combat Bitcoin money laundering through shared info and testing.

🇫🇷 French Bitcoin Attacks Linked to Crime
French police link Bitcoin wrench attacks to organized crime, citing 40 kidnappings since mid-2023 targeting wealthy holders via social media.

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"It is impossible to grasp the meaning of the idea of sound money if one does not realize that it was devised as an instrument for the protection of civil liberties against despotic inroads on the part of governments. Ideologically it belongs in the same class with political constitutions and bills of rights." — Ludwig von Mises

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