Welcome to the 14th 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:

🇺🇸 Gillibrand: Bipartisan Momentum Building for Coordinated Crypto Oversight
Sen. Kirsten Gillibrand said the Senate Agriculture Committee increasingly accepts that digital assets need joint commodities and securities regulation.

💸 CZ: Prison Fears Overblown
Changpeng Zhao argued that financial enforcement actions historically end in negotiated resolutions rather than jail time.

🇺🇸 Bowser: Kansas Bitcoin Reserve Turns Abandoned Coins into Public Asset 
Kansas Sen. Craig Bowser explained the state’s proposal treats unclaimed Bitcoin as a public resource.

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Sen. Kirsten Gillibrand said bipartisan momentum in the Senate Agriculture Committee shows lawmakers increasingly accept that digital assets require coordinated oversight from both commodities and securities regulators, even as political disagreements slow final alignment between parties.

Chris Dixon of a16z Crypto argues DeFi must move beyond “code is law” toward shared technical standards, warning that unclear specifications leave protocols vulnerable to repeated exploits that undermine user trust and regulatory credibility.

Changpeng Zhao said expectations around his sentencing reflect misunderstandings of past enforcement patterns, arguing financial compliance cases historically favor negotiated settlements over prison, and dismissing claims that his legal outcomes are tied to political crypto ventures.

Kansas Senator Craig Bowser introduced Senate Bill 352 to create a Bitcoin reserve fund in Kansas, funded primarily through unclaimed bitcoins (deemed abandoned after three years of inactivity) and requiring separate legislative approval for any expenditures.

Donald Trump said his lawsuit against JPMorgan highlights a broader pattern of debanking, warning that financial institutions may be using account access as a political or economic lever against controversial industries and individuals. Bitcoin fixes debanking…

South Korean prosecutors warned that bitcoin seized from an illegal gambling case and held by the Gwangju District Prosecutors’ Office was likely lost in a mid-2025 phishing attack, exposing weaknesses in how authorities secure and monitor bitcoins.

Sen. Amy Klobuchar warned that pushing a major crypto bill forward without a fully staffed commodities regulator risks creating oversight gaps, arguing effective enforcement depends on having a complete and politically balanced commission in place.

Russia’s Constitutional Court ruled that bitcoin is legally recognized as personal property, giving holders the same right to sue for recovery or protection of their coins as they would for cash, real estate, or other assets, without needing prior registration or tax notification.

The White House posted on X “America is the CRYPTO CAPITAL of the WORLD!“ following President Trump’s signing of the genius Act. Even if we prefer hearing about Bitcoin rather than “crypto”.

Pierre Rochard said that Bitcoin faces no taxation in jurisdictions like Dubai, El Salvador, Thailand, Puerto Rico and Singapore, leaving zero excuses for the United States to continue taxing it, a counterproductive policy that undermines President Trump's vision of making America the Bitcoin Superpower.

💸 50,000 – French firm Waltio reported that hackers accessed the personal data of roughly 50,000 users and are now attempting to extort the company. DL

📈 2026–2028 – Thailand’s Securities and Exchange Commission unveiled a three-year regulatory plan to expand and formalize digital asset ETF rules. CryptoRank

⚖️ 52% – Polymarket traders currently estimate a 52% chance that the U.S. Clarity Act will be signed into law in 2026. Polymarket

👀 20% – A recent survey shows that 20% of bitcoin owners say the lack of bank and government oversight is the main benefit of holding it. Coinlaw

🏛️ 76% – Polymarket now gives a 76% probability of a U.S. government shutdown by the end of this month. Polymarket

“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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