Laws move slower than markets. But they hit harder. This is issue #55 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:

🏛️ Davidson Questions Fed CBDC Work
Rep. Warren Davidson asked on June 13 why regional Fed banks continue CBDC development despite opposition.

👀 Bitcoin ATM Limits Proposed
Reps. Salazar and Casten introduced a bill on June 11 to cap transactions and add rules on Bitcoin ATMs after $333M in scams.

🇺🇸 Clarity Act Misses July 4
The Digital Asset Market Clarity Act cannot meet the July 4 target due to tight Senate calendar.

On June 13, 2026, Rep. Warren Davidson (R-OH) questioned why regional Federal Reserve banks continue developing central bank digital currency projects despite growing congressional opposition. The statement adds to prior efforts, including bills that would prohibit the Federal Reserve from issuing or supporting such a currency, but no new legislation was tied to this comment and development work continues.

Even with administration opposition to central bank digital currencies, the debates and regional Federal Reserve development continue, so American Bitcoiners must treat self-custody as non-negotiable preparation. Readers in higher-risk jurisdictions like the EU face greater exposure and should act before any rollout, as direct insights confirm it will happen. Reread the sovereign question of the week from recent editions for the exact protection steps and actions to take if a central bank digital currency emerges.

Bitcoin News

On June 11, 2026, Reps. María Elvira Salazar (R-FL) and Sean Casten (D-IL) introduced the Stop Crypto ATM Scams Act. The proposal would impose daily transaction caps on machines selling Bitcoin, require operators to run anti-money laundering programs with customer due diligence and suspicious activity reports, maintain detailed transaction and location records, display scam warnings plus fee and market-price disclosures before each trade, and issue timely refunds on fraudulent transactions. It cites over $333 million in reported losses in 2025.

New federal limits and record-keeping rules could shrink convenient low-friction on-ramps for buying sats at Bitcoin ATMs while states add their own restrictions or bans. Keep using Bitcoin ATMs for non-KYC purchases where they remain available and fit your needs. Set up peer-to-peer or other direct acquisition channels now as reliable backups.

Bitcoin.com

With only nine Senate working days left before the July 4 holiday, the Clarity Act cannot meet the White House target. The bill, advanced by the Senate Banking Committee, still needs merged texts from the Banking and Agriculture committees, 60 votes for cloture to start floor action, amendment votes, full Senate passage, and House approval of any Senate changes before reaching the President. White House adviser Patrick Witt remains optimistic, but Sen. Cynthia Lummis stated it may take more time than the July 4 deadline.

The Clarity Act is close to final passage. Calling your Senator is an effective way to express support for the bill and encourage timely action. You can reach any Senator’s office through the U.S. Capitol switchboard at (202) 224-3121. As Senator Cynthia Lummis noted on June 15, clear rules are not a favor to any industry but rather protection for every American who wants to participate in this economy. Voices from constituents matter at this important stage.

Crypto in America

🇬🇧 UK Under-16 Social Media Ban
UK Prime Minister Keir Starmer banned under-16s from accessing X, TikTok, Instagram, Snapchat, YouTube and Facebook, with Bluesky exempt. The ban requires age verification for enforcement.

📜 UK Ban Analysis Shared by Bitcoin Policy UK
Bitcoin Policy UK reposted analysis stating the under-16 social media ban will push users to VPNs and unregulated spaces while building surveillance infrastructure for all citizens.

🇰🇷 South Korea Arrests 23 in USDT Laundering
Seoul police arrested 23 people for laundering $11.1 million in USDT linked to Cambodian phishing scams between February 2024 and April 2025 through domestic and overseas exchanges.

🇪🇺 EU MiCA License Deadline Approaches
Only around 210 of over 1,200 EU virtual asset service providers have secured full MiCA authorization. The transition period ends July 1, after which unlicensed firms cannot serve EU users.

🇬🇭 Ghana Orders Banks to Halt Crypto Wallets
The Bank of Ghana directed regulated banks and payment providers on June 12 to immediately stop supporting unauthorized foreign-currency digital wallets offered by crypto platforms.

🇦🇪 Dubai Updates Crypto Risk Requirements
VARA issued guidance requiring Dubai virtual asset firms to use data-driven risk models, refresh assessments every three months, and integrate FATF high-risk jurisdiction tracking.

🇦🇷 Argentina Official Faces Bitcoin Scrutiny
Argentina cabinet chief Manuel Adorni claimed 2014 Bitcoin profits explain $513,000 in undisclosed assets. Blockchain records and filings contradict the reported timeline during an enrichment investigation.

🇹🇼 Taiwan Central Bank Meets on Bitcoin
Bitcoin Policy Institute representatives met Taiwan’s Central Bank and regulators last week to discuss Bitcoin as a potential reserve asset. Officials reviewed the institute’s paper and asked detailed questions.

🇸🇬 Singapore to Launch Gold Clearing
Singapore will establish a gold clearing system by the end of 2026 through the Singapore Exchange, with JPMorgan, Deutsche Bank and local banks participating as clearing members.

🇰🇷 South Korea Taxes Tokenized Stocks
South Korea’s finance ministry classified tokenized stocks as securities rather than virtual assets. Taxation under existing capital markets rules could begin in the second half of 2026.

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: How to buy Bitcoin with more privacy and legally?

Every sat you buy on Coinbase is a permanent government record. Here is your full map of lawful alternatives.

1. P2P Platforms — Human to Human, No Middleman

No company, no KYC. Multisig escrow protects both sides. Bisq: desktop, Tor, zero registration. RoboSats: throwaway avatar per trade, Lightning, 0.2%, US-accessible. Peach Bitcoin: mobile, cash in person. Vexl: zero fees, trust-based social network. lnp2pbot (@lnp2pbot on Telegram): Lightning, no account, buyers pay zero. Hodl Hodl: best liquidity, US access restricted. Vet everything first at kycnot.me.

2. Bitcoin ATMs — Cash to Sats

Below $1,000/day (Bank Secrecy Act threshold), most machines need only a phone number. Fees run 8–15% — that's your privacy premium. Find low-KYC machines at coinatmradar.com and filter by operator before you walk in.

3. Mining — The Original No-KYC Stack

The protocol pays directly into your wallet. No exchange ever. Pool at OCEAN: non-custodial, no account, no KYC, 2% fee. Solo? Solo CKPool, 2% fee, 22+ solo block finds in 2025–2026. No home hardware? Colocation at Blobb.io or Blockware Solutions — confirm payouts go to your address, not a custodial account.

4. Azteco — Cash to Bitcoin, No Trace

Azteco sells Bitcoin vouchers at physical retail locations. Pay cash, get a code, redeem to any wallet — no account, no ID, nothing. Check the site for US retail locations near you.

5. Earn Sats — No Purchase, No Paper Trail

Accept Bitcoin payments without KYC via BTCPay Server or Swiss Bitcoin Pay. Earn sats by posting on Stacker News, getting zapped on Nostr, or using Fountain.fm.

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

📊 Clarity Act signed into law in 2026? — 51% Polymarket

📊 Trump pardons Samourai Wallet developer before Dec 31, 2026? — 24.80% Predyx

📊 Will Trump create a National Bitcoin Reserve before 2027? — 22% Kalshi

The first people to open and read this newsletter can claim 21 sats! Learn interesting things and earn sats while you’re at it! 👇

“He who says ‘There should be a law concerning this matter,’ means: The armed men of the government should force people to do what they do not want to do, or not to do what they like to do.” — Ludwig von Mises

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