Welcome to the #34 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:

🧠 TD Cowen on Clarity Act
TD Cowen analysts give the Clarity Act just one-in-three odds of passing this year as Senate talks on stablecoin yield continue.

🤖 Bitcoin Policy Institute Shows AI Prefers Bitcoin
Bitcoin Policy Institute revealed that across 9,000+ scenarios, 36 frontier AI models overwhelmingly chose Bitcoin as their preferred form of money.

🔍 ZachXBT Highlights Tether vs Circle
ZachXBT exposed Circle’s repeated failure to freeze stolen USDC in major hacks while Tether acted quickly to protect victims.

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Bitcoin Policy Institute said it tested 36 frontier AI models across more than 9,000 neutral scenarios and the agents overwhelmingly chose Bitcoin as their preferred money, proving even machines recognize sound money over failing fiat.

TD Cowen analysts warned they are increasingly pessimistic on the Clarity Act passing this year, giving it just one-in-three odds as the stablecoin yield compromise fails to satisfy banks or exchanges and Senate talks stall.

Pierre Rochard (Bitcoin advocate) argued a Bitcoin wrench attack would draw only 1–3 years in French prison versus 8–15+ years in Texas under Castle Doctrine, exposing Europe’s weak protection of private property rights.

Sen. Bill Cassidy (R-LA) said digital asset mining is a vital part of the U.S. economy and his Mined in America Act will secure supply chains, bolster domestic manufacturing, and strengthen the Strategic Bitcoin Reserve.

ZachXBT (on-chain investigator) exposed Circle’s repeated refusal to freeze stolen USDC in major hacks like Radiant Capital, Garantex, and Bybit while Tether acted fast, leaving victims with hundreds of millions in unrecoverable losses.

Pierre Wunsch (Governor, National Bank of Belgium) warned “the money has run out” and Belgium has no fiscal room left to cushion another energy shock, exposing the terminal fragility of over-spent fiat systems.

Charles Hoskinson (Cardano founder) warned the Clarity Act could be weaponized by future lawmakers to stifle innovation, trap new crypto projects under SEC control, and become a political tool.

Liz Churchill (Bitcoin advocate) condemned California Democrats for legalizing government seizure of inactive Bitcoin holdings, calling it outright theft and communism disguised as policy.

Paul Grewal (Coinbase Chief Legal Officer) signaled Clarity Act talks are very close to a final deal on stablecoin earnings, raising hopes the bill can finally deliver real regulatory clarity for Bitcoin.

Coinbase announced it received conditional OCC approval to form a National Trust Company, advancing federally regulated Bitcoin custody and giving serious HODLers a trusted path to institutional-grade self-custody.

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🇹🇼 80% – Taiwan holds $602B in foreign reserves with over 80% in USD; Bitcoin Policy Institute warns that in a PRC blockade, only Bitcoin remains sovereign and spendable. Bitcoin Policy Institute

💰 $3.7M – Former FTX engineering head Nishad Singh fined $3.7M by CFTC to settle charges tied to the exchange’s collapse while cooperating with authorities. CoinBureau

🇰🇭 112 – Cambodia’s parliament unanimously passed the Anti-Technology Fraud Law with all 112 members voting yes, cracking down on online scam compounds and related money laundering. The Block

🇦🇺 12 months – Australia passed a bill requiring crypto platforms to obtain financial licenses, enforce honest conduct, and protect customer funds, with full compliance due in 12 months. The Block

📊 60% – Polymarket now prices the odds of the Clarity Act being signed into law in 2026 at 60%. Polymarket

“I don’t believe we shall ever have a good money again before we take the thing out of the hands of government, that is, we can’t take them violently out of the hands of government, all we can do is by some sly roundabout way introduce something that they can’t stop.” — Friedrich Hayek

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