Welcome to the #32 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:

⚖️ David Sacks Pushes Bitcoin Market Structure Bill
Trump’s former AI and Crypto Czar David Sacks said he is still driving Bitcoin market structure legislation across the finish line.

🏦 Fed Confirms No CBDC
The Federal Reserve officially confirmed it has zero plans to issue a central bank digital currency.

🇮🇪 Irish Police Unlock 500 BTC Lost Stash
Irish authorities cracked open a long-inaccessible 2019 Bitcoin wallet and seized 500 BTC worth €30M.

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David Sacks (former President Trump’s AI and Crypto Czar) said he continues to push Bitcoin market structure legislation across the finish line, calling it a vital part of the President’s pro-innovation agenda to secure America as the global leader in sound money and technology.

Sen. Cynthia Lummis (R-WY) urged Bitcoiners not to believe the FUD, explaining that bipartisan changes to Title 3 of the Clarity Act now deliver the strongest legal protections ever for DeFi developers and self-custody, demanding the bill pass immediately.

Financial Stability Board warned in its 2025 report that uneven global rules on digital assets and stablecoins create serious financial stability risks and regulatory loopholes.

Conner Brown (Bitcoin Policy Institute) warned that the new congressional draft on Bitcoin taxation keeps double taxation on mining intact while only granting relief to staking, calling it anti-Bitcoin, non-neutral, and a dangerous pick-winners-and-losers policy that sets America back.

Pierre Rochard (Bitcoin Advocate) argued that Bitcoiners must prioritize full tax exemption above everything else, reminding altcoin promoters that their projects only exist because Bitcoin succeeded first and they should be grateful instead of demanding special favors.

Walker America (host of THE Bitcoin Podcast) warned that governments have become the greatest plunderers of private property, declaring that a nation which fails to enforce the law and protect citizens’ Bitcoin holdings is a failed state.

Sen. Elizabeth Warren (D-MA) targeted Bitmain-Trump family ties in a letter to Commerce Secretary Lutnick, demanding documents on whether the Chinese mining hardware giant’s machines could be used for espionage or power-grid attacks against U.S. Bitcoin miners.

Rep. Maxine Waters (D-CA) pressed the Kansas City Fed for answers after it granted Kraken a master account, questioning the legal basis for giving a major Bitcoin exchange direct access to Federal Reserve payment rails without full transparency.

Federal Reserve confirmed it has no plans to issue a central bank digital currency, instead endorsing stablecoins and tokenized bank deposits as the digital dollar alternative, delivering a major victory for Bitcoin and freedom.

Brazilian lawmakers passed a new law allowing police to use Bitcoin and other seized funds directly to buy equipment and training, expanding their power to freeze assets during investigations in a move that highlights growing state reliance on confiscated Bitcoin.

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🏦 14bp – Morgan Stanley enters the Bitcoin ETF race with the lowest fee in the market at just 14 basis points, undercutting every competitor if approved. CoinDesk

🏛️ 130 days – White House Bitcoin & AI Czar David Sacks exits his post after exactly 130 days to take a broader tech advisory role as key legislation stalls. The Block

💥 500 BTC – Irish police successfully unlocked and seized 500 BTC from a “lost” 2019 stash worth €30M, cracking the first wallet of a potential full 6,000 BTC haul. Bitcoin News

🇫🇷 April 15-16 – French President Emmanuel Macron will deliver the first-ever G7 head-of-state address at Paris Blockchain Week, pushing euro stablecoins and digital euro infrastructure. Business Insider

⚠️ Aug 8, 2024 – Swan Bitcoin subpoenas Cantor Fitzgerald and Commerce Secretary Howard Lutnick over alleged conspiracy in a mid-2024 Bitcoin mining joint venture dispute tied to Tether. Bitcoin News

“The most important thing to remember is that inflation is not an act of God, that inflation is not a catastrophe of the elements or a disease that comes like the plague. Inflation is a policy.” — Ludwig von Mises

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