Laws move slower than markets. But they hit harder. This is issue #80 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:

🇺🇸 Lummis puts CLARITY on Democrats
Sen. Cynthia Lummis says Democrats own the fallout if the CLARITY Act fails, since they wrote over 100 of its changes.

🇬🇧 Lords force UK strategy vote
Peers voted 194 to 138 for an amendment that would require the Treasury to publish a digital asset strategy.

🗳️ Tuesday: the 60-vote test
The Senate votes at 2:15 p.m. ET Tuesday on opening CLARITY Act debate, not on passing it.

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Bitcoin Policy UK (British Bitcoin advocacy group) released a podcast on the banking barriers Bitcoin users and businesses face in Britain, drawing on the evidence it submitted to a cross-party parliamentary inquiry.

Patrick Witt (Executive Director, President’s Council of Advisors for Digital Assets, White House) said community banks were not shut out of the stablecoin rewards talks: their associations attended every White House meeting, and an open invitation for individual community banks to join directly drew no response.

Sen. Cynthia Lummis (R-WY) said Democrats will own the fallout if the CLARITY Act, the Senate’s pending market-structure bill, fails, since they wrote over 100 of its changes.

Cody Carbone (CEO, The Digital Chamber) said the CLARITY Act draft reflects years of bipartisan negotiation, and warned the Senate must act now or cede US leadership to other countries.

Ji Hun Kim (CEO, Crypto Council for Innovation) told an Illinois court that the state’s 0.2% tax on digital asset transactions causes irreparable harm, damage no later ruling can undo.

Sam Bankman-Fried (imprisoned FTX co-founder) asked the Supreme Court for a new trial, arguing the judge let prosecutors show customer losses while blocking his evidence that the assets existed to repay them.

Ben Delo (BitMEX co-founder) said his £36 million donation to Nigel Farage’s Reform UK creates a level playing field, and he paid it upfront anticipating a government cap on donations.

Baroness Neville-Rolfe (Conservative peer, UK Parliament) advanced an amendment, passed 194 to 138, requiring the Treasury to publish a digital asset strategy within twelve months of the bill becoming law.

Bitcoin News (Bitcoin news outlet) explained Kalshi’s Bitcoin perpetual, approved as a futures product, leaves traders unsure how to report gains, because the IRS is not bound by that label.

Simply Bitcoin (Bitcoin media platform) said Bitcoin does not care about your political party, a post published as US lawmakers fought over market-structure legislation this week.

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🏛️ $24 billion — The United States Treasury sanctioned Xinbi Guarantee, a Chinese-language marketplace that has moved $24 billion for Southeast Asian scam centers since 2022. CoinDesk

🔓 4,100 BTC — A crew led by 22-year-old Malone Lam drained 4,100 BTC from one Washington, D.C. holder, and Lam pleaded guilty to racketeering this week. The Block

🇮🇳 15 platforms — India’s Financial Intelligence Unit sent non-compliance notices to 15 offshore exchanges, including Weex, Blofin and Bitunix, under the country’s Prevention of Money Laundering Act. Government of India

⚖️ Nearly 60 — BakerHostetler handled nearly 60 law firm cybersecurity incidents in 2025, almost double its 2024 caseload. Across all industries, its 1,250-incident dataset puts phishing at 30% of cases. Reuters

🇪🇺 €300 billion — Ireland, which currently chairs the Council of the European Union, wants to raise to €300 billion the trading ceiling for the bloc’s pilot programme for securities recorded on distributed ledgers. Focus Europe

📺 Monday, September 14 — Bitcoin Magazine TV (BMTV) launch, with Grace Remington and Sean Hagan — New daily show on Bitcoin, the macro picture and the road ahead for the CLARITY Act. Live 9:30 a.m. ET, Monday to Friday. 

🎸 Monday 14 to Tuesday 15 September — V4V Chicago 2026, Fork & Coin, 3938 N Central Ave, Chicago — Two-day Value for Value gathering with freedom tech workshops on Bitcoin, Lightning and Nostr, a Bitcoin merchant bodega, and a live concert at Avondale Music Hall.

🇺🇸 Tuesday, September 15 — Senate cloture vote on the CLARITY Act, Washington — Cloture is the vote to open floor debate, not to pass the bill. It needs 60 votes at 2:15 p.m. ET and the outcome is genuinely uncertain. 

🇬🇧 Tuesday, September 15 — Financial Conduct Authority webinar, "Introduction to Regulated Cryptoasset Activities", online — Britain’s regulator walks firms through which activities will need authorisation under the regime expected to start 25 October 2027.

🇮🇪 Wednesday to Friday, September 16 to 18 — The Eurofi Financial Forum 2026, Clayton Burlington Hotel, Dublin — Invitation-only gathering of European Union finance officials ahead of the informal meeting of EU economy and finance ministers, with sessions on tokenisation and post-trade innovation.

🇺🇸 Thursday, September 17 — Fintech Policy Forum 2026, Phoenix Park Hotel, Washington, D.C. — Electronic Transactions Association event, 9 a.m. to 6 p.m., with lawmakers and regulators from the Federal Reserve, Treasury and the Comptroller of the Currency on GENIUS Act implementation.

🇬🇧 Friday, September 18 — Financial Conduct Authority webinar, "Introduction to applying the FCA Handbook for Regulated Cryptoasset Activities", online — Follow-up session on how the regulator’s existing rulebook applies to authorised firms.

🇳🇱 Saturday, September 19 — Noderunners Conference 2026, Koepelgevangenis Arnhem, Wilhelminastraat 16, Netherlands — Bitcoin-only gathering in a converted dome prison for node runners, Lightning developers and miners.

"We are servants of the law so that we may be free." — Marcus Tullius Cicero

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