Welcome to the 21st issue 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:

🏛️ White House Urges CLARITY Act Passage
Treasury Secretary Scott Bessent and advisor Patrick Witt push for fast CLARITY Act passage to unlock trillions in institutional crypto capital and stabilize Bitcoin markets.

🇩🇪🇺🇸 Germany Backs Euro Stablecoins
Bundesbank President Joachim Nagel endorses euro stablecoins under MiCA to enable cheap payments and challenge US dollar dominance.

🇺🇸 Patriotic Millionaires Demand Global Wealth Controls
Erica Payne, president of Patriotic Millionaires, called for a global asset registry, wealth limits, and aggressive taxation at an IMF/World Bank event.

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US Treasury Secretary Scott Bessent and Patrick Witt, Executive Director of the President's Council of Advisors for Digital Assets, highlighted urgent progress on the CLARITY Act. Bessent stressed the need to get the bill to the president's desk this spring to restore investor confidence, stabilize volatile markets like Bitcoin (down significantly from its 2025 peak), and resolve disputes over stablecoin yields that banks view as unfair competition to traditional deposits. Witt emphasized that trillions of dollars in institutional capital remain on the sidelines awaiting regulatory clarity, with ongoing White House-facilitated compromises involving crypto firms, banks, and regulators to prevent deposit flight and unlock broader adoption. The administration sees swift bipartisan passage, potentially before the November midterms, as essential for US leadership in digital assets. DL News / Bitcoin Magazine

Deutsche Bundesbank President Joachim Nagel endorsed euro-denominated stablecoins and a retail CBDC to bolster Europe's payment independence and counter the dominance of US dollar-pegged stablecoins, which currently exceed $310 billion in market value. In recent remarks, Nagel highlighted the merit of private euro stablecoins for low-cost cross-border payments by individuals and firms, while supporting the EU's MiCA framework that provides clearer rules for compliant issuance, potentially enabling euro-pegged assets to reach hundreds of billions in scale by 2030. This shift from prior caution reflects growing urgency to secure EU monetary sovereignty and control digital payment infrastructure amid global regulatory competition, including US stablecoin legislation. Cryptorank

Erica Payne, president of Patriotic Millionaires, urged the creation of a global asset registry, international limits on excessive wealth accumulation, and aggressive taxation policies during an event hosted by the IMF and World Bank. She argued that these measures are urgently needed to defend democracy against the growing threats posed by concentrated economic power in the hands of a few ultra-wealthy individuals and families. The proposal comes amid rising global debates on wealth inequality, tax avoidance, and the influence of billionaires on political systems, with Payne emphasizing that without coordinated international action, democratic institutions risk being undermined by unchecked financial dominance. Bitcoin News

🇸🇻 El Salvador Buys More Bitcoin
El Salvador added another Bitcoin to its Strategic Bitcoin Reserve today, maintaining its daily buying strategy amid market dips. This boosts their holdings to over 7,565 BTC, showcasing commitment to long-term accumulation.

🇦🇪 Pantera CEO Foresees Bitcoin Arms Race
Pantera Capital's CEO predicts a global arms race for Bitcoin in the next 2-3 years, with aligned nations like the UAE already acquiring Bitcoin as strategic assets.

🇧🇷 Brazil Reintroduces 1M BTC Reserve Bill
Brazil's Congress reintroduced a bill to acquire up to 1 million BTC over five years for a strategic reserve, potentially costing $68 billion to hedge against inflation.

🇳🇱 Dutch Tax Hits Crypto Paper Gains
Dutch lawmakers approved a 36% tax on actual returns, including unrealized gains on Bitcoin, starting in 2028, raising concerns over forced liquidations.

🇷🇺 Russia Denies Dollar Export Talks
Russia's Central Bank denied discussions on restoring US dollar payments for exports, contradicting reports of potential deals linked to ending the Ukraine war.

🇮🇳 Indian Lawmaker Pushes Crypto Legalization
An Indian MP urged legal status for Bitcoin, crypto and stablecoins to curb offshore shifts, emphasizing regulation over fear to protect innovation and boost tax revenue.

🇬🇧 Firefish Partners with London Stock Exchange
Firefish, a non-custodial Bitcoin-backed lending platform, partnered with London Stock Exchange Group to deliver daily volume-weighted average interest rates from its platform via LSEG's Workspace analytics, giving over 400,000 financial professionals access to Bitcoin credit market data for benchmarking and transparency in crypto lending.

🇧🇩 Bangladesh's Shadow Crypto Surge
Despite a total ban, Bangladesh ranks 13th in global crypto adoption with millions trading underground, pressuring the new post-election government toward potential regulations.

🇷🇺 Russians Trade $648M Crypto Daily
Russian citizens trade 50 billion rubles ($648 million) in cryptocurrencies daily via unregulated channels, spurring calls for swift market regulations from officials.

🇫🇷 Gang Arrested in Binance France Robbery
Armed suspects invaded the Paris home of Binance France's president, stole phones after he was absent, then targeted another victim before arrest in Lyon.

“All social reform plans can reasonably only be directed toward an expedient distribution of economic goods, but not toward the abolition of the institution of property itself.” — Carl Menger

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