Hello Bitcoiners,

Welcome to the #30 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:

🚨 Senators & White House Reach Clarity Act Breakthrough on Yield
Key U.S. Senators announce deal with the White House allowing yield on stablecoins, clearing the final obstacle so the market structure bill can advance.

👀 BPI Declares US & China Quietly Treat Bitcoin as Sovereign Reserve
Bitcoin Policy Institute reveals both Washington and Beijing now view Bitcoin as strategic national asset.

🏛️ North Carolina Launches 10% State Bitcoin Reserve
NC senators introduce Bill 327 permitting the State Treasurer to allocate up to 10% of public funds into Bitcoin as a strategic reserve.

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Opinion and analysis

Conner Brown (Bitcoin Policy Institute) says the Federal Reserve’s Basel III proposal keeps Bitcoin’s punishing 1,250% risk weight unchanged, but he views it as a meaningful step forward that cracks open the door for real reform.

Bitcoin Policy Institute also urges Kentucky to drop the last-minute HB 380 amendment forcing hardware wallet providers to enable credential resets, an impossible demand that threatens Bitcoin self-custody.

Key U.S. Senators believe they’ve reached a breakthrough with the White House on stablecoin yield rules. They think this deal clears the path for the bigger Bitcoin market structure bill to finally advance.

Senator Cynthia Lummis declares President Trump’s promise to make America the Bitcoin capital of the world depends on one thing: passing the Clarity Act. She insists it’s time to get it done once and for all.

Robinhood CEO Vlad Tenev pushes hard for the Clarity Act, arguing stablecoins deserve to offer real yield like savings accounts (~3.5%) instead of zero returns. He believes yield is the missing piece that unlocks mass Bitcoin-adjacent adoption.

Sam Lyman (Former Treasury Senior Advisor) points out Chairman Powell already calls Bitcoin “virtual gold,” yet regulators slap it with 1,250% risk weight while physical gold gets zero. He believes this must change to stop driving Bitcoin business offshore and align with Trump’s Bitcoin superpower vision.

Bitcoin advocate Pierre Rochard calls for much harsher criminal penalties on Bitcoin wrench attacks. He thinks current laws are far too soft on violent coercion that directly threatens private key self-custody.

The Bitcoin Policy Institute advances the view that both Washington and Beijing now quietly treat Bitcoin as a sovereign strategic reserve asset, America openly holds ~328,000 BTC, while China hides its accumulation behind the public ban.

Walker America (host of THE Bitcoin Podcast) asserts that the ability to openly criticize your government is the bare minimum test of freedom.

The CFTC clarifies that Futures Commission Merchants can now accept Bitcoin as margin collateral. Traders view this as another quiet but powerful step embedding Bitcoin deeper into regulated U.S. financial markets.

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Numbers of the week

🇬🇧 $1B – UK authorities dissolve Zedxion crypto exchange accused of laundering roughly $1 billion in funds tied to Iran's IRGC, with IRGC-linked volume hitting 87% (about $619M) in 2024 before dropping to 48% in 2025. Companies House cites misleading incorporation details. Yahoo Finance

🏛️ 10% – North Carolina senators introduce Bill 327, the Bitcoin Reserve and Investment Act, allowing the State Treasurer to allocate up to 10% of public funds into Bitcoin for a strategic state reserve. The bill passed first reading and heads to committee. Bitcoin Magazine

💥 $1M – Morgan Stanley files second amended S-1 for its spot Bitcoin ETF (ticker MSBT), planning a 50,000-share seed basket to raise about $1 million in initial capital ahead of potential NYSE Arca listing. Spot Bitcoin ETFs have already seen over $56B in cumulative inflows. CryptoPotato

👀 €100,000 – Canadian Bitcoin entrepreneur escapes foiled kidnapping in Madrid, attackers targeted his private keys for crypto theft and aimed to seize his €100,000 luxury watch using zip ties, sedatives, and pepper spray. Police intervened after witnesses alerted them. Bitcoin Magazine

⚠️ $2,000 – Kentucky's House Bill 380 (passed House 85-0) regulates Bitcoin ATMs with transaction limits and licensing, but a last-minute amendment in Section 33 threatens hardware wallet self-custody by mandating impossible credential resets. Bitcoin News

Quote of the day ⚖️

“I place economy among the first and most important of republican virtues, and public debt as the greatest of the dangers to be feared. To preserve our independence, we must not let our rulers load us with perpetual debt.” Thomas Jefferson

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Regards,

— Satoshi’s Lawyer

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