Welcome to the #28 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:

🚨 Boris Johnson Calls Bitcoin Giant Ponzi Scheme
Former UK PM labels Bitcoin a giant Ponzi scheme in his Daily Mail column.

⚠️ Bitcoin Policy Institute Warns De Minimis Deadline Looms
Bitcoin Policy Institute warns Congress has only months left to pass de minimis tax exemption for small Bitcoin transactions.

⏳ Thune Says Clarity Act Stalled Past April
U.S. Senate Majority Leader John Thune says the Clarity Act will not clear the Senate Banking Committee before April.

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Coinbase CPO Faryar Shirzad rejected claims his firm lobbies against Bitcoin tax relief, as Jack Dorsey demanded clarity from CEO Brian Armstrong on de minimis exemption for small everyday Bitcoin transactions.

Former UK PM Boris Johnson called Bitcoin a giant Ponzi scheme in his Daily Mail column, but Michael Saylor and Eric Trump fired back, defending Bitcoin as pure decentralized sound money with no issuer or guaranteed returns.

Bitcoin Policy Institute warned Congress has only months left to pass de minimis tax exemption for small Bitcoin transactions, after lobbying 19 offices to enable tax-free use as real everyday sound money.

U.S. Senate Majority Leader John Thune said the Clarity Act will not clear the Senate Banking Committee before April, citing ongoing deadlock over stablecoin yield and banking compromise issues.

CFTC Chair Mike Selig announced new rules of the road for prediction markets to crush manipulation, warning exchanges against rigged contracts like injury bets as trading volumes explode.

Federal prosecutors moved to block Sam Bankman-Fried’s retrial request, arguing no new evidence exists and overwhelming proof already convicted him of stealing billions at FTX.

Binance announced a defamation lawsuit against the Wall Street Journal over false claims it buried a probe into $1B Iran-linked Bitcoin flows, insisting the investigation continued and accounts were offboarded.

TD Cowen analysts said Congress is closing in on permanently banning Fed CBDC through a housing bill amendment, shielding Americans from surveillance-state control over their money.

Bitcoin advocate Pierre Rochard argued Bitcoin voters want national prosperity through sound money, while the altcoin industry chases taxpayer yields and casino clarity, exposing two clashing visions.

Bitcoin Policy UK Chief Freddie New warned the UK’s proposed digital ID system risks becoming the biggest state surveillance expansion in modern history, urging lawmakers to ask if it should be built at all to protect Bitcoin privacy.

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🏛️ £3.2 billion – Victims of Chinese national Zhimin Qian’s Ponzi scheme ask U.K. High Court to reject government compensation plan for 61,000 Bitcoin seized in 2018 now worth £3.2 billion, as 5,700 victims seek fairer gains from BTC price rise. Bitcoin News

🏛️ Friday the 13th – Federal judge throws out Justice Department subpoenas to Federal Reserve, delivering major win for the Fed and setback to US Attorney Jeanine Pirro’s criminal probe into Chair Jerome Powell. Bitcoin News

🇵🇾 $5,000 – Paraguay’s DNIT requires disclosure of wallet addresses, transaction hashes and counterparty details for all crypto transactions exceeding $5,000 annually including mining and staking. Bitcoin Magazine

🇫🇷 $1 million – Armed attackers force French couple to transfer $1 million in Bitcoin during home invasion. The Block

👀 $328 million – Lawsuit claims JPMorgan Chase accounts served as ‘exclusive vehicle’ in $328 million crypto Ponzi scheme. The Block

"All rational action is in the first place individual action. Only the individual thinks. Only the individual reasons. Only the individual acts." — Ludwig von Mises

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