Laws move slower than markets. But they hit harder. This is issue #75 of The Bitcoin Act — your Tuesday and Sunday briefing on the legal and regulatory moves that actually shape Bitcoin.

Now for today’s top stories:

🎯 Sanctioned Bitcoin Address
Treasury named a Bitcoin address among ~60 Iran targets. Coins touching it can flag your exchange deposits.

🏛️ Stand With Crypto Endorses 32
The Coinbase-funded group backed 32 House candidates ahead of November.

💸 Second Suit Hits Illinois
Trade groups sued to block a 0.2% broker tax starting January 2027.

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On Monday, Treasury launched "Operation Economic Outcast," expanding secondary sanctions (penalties on foreign parties who deal with Iran) to digital assets, gold, aviation, shipping and technology. Roughly 60 targets were named, including an address tied to over $30,000 in Bitcoin.

BTC linked to a sanctioned address can trigger exchange screening or enhanced review. Check the counterparty’s transaction history before buying.

The Block

Stand With Crypto, Coinbase-funded, endorsed 32 House incumbents Monday, all of whom voted for the CLARITY Act. That bill, which decides whether the SEC or CFTC polices each token, passed the House in July 2025 and stalled in the Senate.

The endorsement is a signal, not a policy. It tells you where 32 House candidates stand on market-structure rules for exchanges and Bitcoin. Check your own district on the group's voter hub before November.

The Block

The Blockchain Association and Crypto Council for Innovation sued Illinois on August 21 to block its Digital Asset Tax Act: 0.2% of asset value whenever a broker exchanges, transfers or stores for an Illinois customer. Effective January 1, 2027.

From January, tax hits value, not gains: $50,000 moved through a broker costs $100 whether you profited or not. If your broker skips collection, you still owe it. Illinois stackers: move to self-custody now.

CoinDesk

🇫🇷 Polymarket Sues France
Polymarket filed a court challenge against France's gambling regulator, which ordered internet providers to block its site as an unlicensed gambling offer. Trading from France was already geoblocked since November 2024.

🇫🇷 Wrench Attack Funds Traced
ZachXBT linked a suspect using the handles M1llionz and RichMilly666 to laundering $667,000 from two violent April home invasions in France that hospitalized victims, one taking 7.2 BTC. Tether reportedly froze $93,507.

🇵🇰 Pakistan Opens Licensing
Pakistan's regulator PVARA opened its licensing portal and set September 5 as the deadline for Bitcoin firms already serving Pakistanis to apply for a no-objection certificate or cease operating.

🇷🇺 Russia Widens Investor Status
From August 31 Russians can gain qualified investor status by passing an approved knowledge test. Non-qualified buyers are capped at 300,000 rubles ($3,800) yearly per intermediary.

🇵🇱 Zondacrypto Probe Deepens
A New York Times investigation published August 23 examined Zondacrypto's collapse: founder Sylwester Suszek missing since March 2022, successor Przemysław Kral reported abroad in Israel.

🇺🇾 Tether Exits Uruguay
Reuters reported August 21 that Tether abandoned two Uruguayan mining sites, costing roughly $120 million, after a dispute with state utility UTE over electricity supply. UTE cut power; Tether laid off most staff.

⚖️ 9/11 Claim On Seized BTC
11 9/11 families claim 11,166.51 BTC seized from the Prince Group was linked to an Iran-China venture involving the IRGC. They say the US omitted those links and should not keep the coins.

🔁 BitMart Walks Back Shutdown
BitMart said August 21 it may restart parts of its business and pay creditors instead of winding down, hiring White & Case; a roadmap is due September 9. Trading still ends August 26.

🇬🇧 UK Debanking Unchanged
Bitcoin Policy UK told a parliamentary inquiry that banks still block or cap payments to Bitcoin exchanges, unimproved in three years. A January survey of ten exchanges estimated 40% of transfers blocked or delayed.

🇳🇬 Nigeria Targets Offshore Platforms
Nigeria's SEC proposed rules requiring registration from any platform serving residents, wherever incorporated, with ₦2 billion (~$1.5 million) capital for exchanges and custodians. Still a proposal; comments close September 3.

Every week I drop one concrete, actionable answer to a legal or political question that actually affects your life as a Bitcoiner, focused on a specific, real-world action you can take. No theory. No fluff. Just the move.

This week: Do you owe tax on the coffee you bought with Bitcoin?

The IRS has treated Bitcoin as property since 2014, so paying for a $5 coffee is a disposition, meaning a sale. There is no small-purchase exemption in US law today.

Got a legal or regulatory question you want answered next Tuesday? Hit reply and send it.

📊 Republicans keep the Senate — 51% chance Polymarket

📊 CLARITY Act (H.R.3633) signed into law in 2026? — 19% chance Polymarket

📊 Who will Trump pardon before 2027? Roger Ver — 8% Polymarket

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