Welcome to issue #33 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:

🇺🇸 Mined in America Act Advances
Senators Cynthia Lummis and Bill Cassidy push to lock in a U.S. strategic Bitcoin reserve and expand domestic mining.

⚖️ Bitcoin Policy Institute Slams PARITY Act
The Bitcoin Policy Institute warns the draft favors stablecoins over Bitcoin, risking unfair taxes on everyday BTC use and disadvantaging miners.

💼 401(k)s Open to Bitcoin
The U.S. Department of Labor moves to allow Bitcoin in retirement plans, potentially unlocking trillions in capital.

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Republican Senators Cynthia Lummis and Bill Cassidy introduced the Mined in America Act to codify President Trump’s strategic Bitcoin reserve into permanent law and expand domestic Bitcoin mining. The bill creates a voluntary certification program for mining pools and facilities while requiring certified operators to phase out mining hardware from foreign adversaries.

For everyday Bitcoin holders, this is a direct boost to American Bitcoin sovereignty. Stronger domestic mining means more decentralized hashrate on U.S. soil, harder for any government to attack the network, and a growing strategic reserve that treats Bitcoin as national hard money. In your daily life, it signals that stacking sats is no longer just personal, it’s becoming national policy that protects the very network you rely on.

The Block

The Bitcoin Policy Institute publicly criticized the revised PARITY Act, warning it creates unfair tax treatment by granting a $200 de minimis exemption only to stablecoins while excluding Bitcoin, and by limiting tax deferral on newly mined coins to passive validators, leaving Bitcoin miners stuck with phantom income taxes.

For Bitcoiners, this is a warning shot. If the bill passes as written, everyday spending of sats for coffee or bills still triggers capital gains tax, and American miners get punished compared to proof-of-stake systems. Your real-world takeaway: keep stacking and holding in self-custody, support only legislation that treats Bitcoin mining and small transactions fairly, and never let Washington pick winners between consensus mechanisms.

Bitcoin Policy Institute

The U.S. Department of Labor proposed a new rule allowing 401(k) retirement plans to include Bitcoin as an alternative asset, following Trump’s executive order. Plan managers must now evaluate Bitcoin using the same prudent standards as other investments, potentially unlocking trillions in American retirement savings.

For you as a Bitcoiner, this is massive. Millions of workers could soon allocate part of their retirement to Bitcoin without needing a separate brokerage account. In practical terms, it makes long-term stacking easier for millions and brings new capital into the network, but remember, true sovereignty still means holding your own keys, not leaving sats in any third-party plan. Use this as a bridge, not a destination.

The Block

🇭🇰 Hong Kong Forces Device Decryption
Hong Kong’s new national security law lets authorities demand passwords and decryption keys for any device, including hardware wallets, with criminal penalties for refusal, even for travelers and tourists.

🇨🇦 Canada Bans Bitcoin Political Donations
Canada introduced Bill C-25 to prohibit all Bitcoin and crypto donations to federal political parties under new election integrity rules.

🇦🇪 Dubai Tightens Derivatives Rules
Dubai’s VARA imposed strict new governance, margin, disclosure, and risk controls on all licensed platforms offering Bitcoin derivatives and margin trading.

🇦🇺 Binance Australia Fined $6.9M
Australia’s Federal Court fined Binance Australia Derivatives AUD 10 million ($6.9 million) for widespread compliance and client onboarding failures.

🇬🇧 UK Sanctions Cambodia Scam Centre
The UK sanctioned a major Cambodian scam compound and a crypto platform used to trade stolen data and facilitate large-scale online fraud.

🇬🇧 UK Bans Bitcoin Party Donations
Prime Minister Keir Starmer announced a full ban on Bitcoin donations to UK political parties to stop anonymity and foreign interference risks.

🇯🇵 Japan FSA Warns KuCoin
Japan’s Financial Services Agency issued a formal warning to KuCoin and three other platforms for operating unregistered and serving Japanese residents.

🇪🇺 MiCA: Only 14 Full Exchanges
Despite 174 MiCA licenses issued across the EU, only 14 entities are authorized to operate actual centralized Bitcoin trading platforms.

🇪🇺 EU Defeats Chat Control Again
The EU Parliament rejected the Chat Control amendment for the third time, blocking mandatory scanning of private messages and end-to-end encryption.

🇧🇹 Bhutan Transfers $36.75M Bitcoin
The Royal Government of Bhutan moved 519.707 BTC worth $36.75 million to an external address as part of ongoing reserve repositioning.

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“Under the Rule of Law… the individual is free to pursue his personal ends and desires, certain that the powers of government will not be used deliberately to frustrate his efforts.” — Friedrich Hayek

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