Laws move slower than markets. But they hit harder. This is issue #58 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 Boosts ARMA Bill
Lummis said the ARMA Bill for 1M Bitcoin offers executive flexibility, improving House passage odds this year.

💶 Eurosystem Preps Digital Euro
Eurosystem plans to enable settlement of distributed ledger wholesale transactions in central bank money by the third quarter of 2026.

₿ Safety in Bitcoin Numbers
Stephan Livera argued more Bitcoin users create political safety, making rules threatening self-custody harder to impose.

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Senator Angela Alsobrooks (D-MD) said she would not support the Clarity Act reaching the Senate floor without provisions addressing ethics and illicit finance concerns.

Senator Angela Alsobrooks (D-MD) also called on the President to sign the bipartisan housing bill that includes a multi-year ban on Federal Reserve central bank digital currency.

BTC Sessions (Bitcoin educator) outlined passphrase decoy wallets, trick PINs on devices and distributed multisig to protect Bitcoin holdings from home invasions and coercion attacks.

Eurosystem put a date on its blockchain ambitions: by Q3 2026, banks will be able to settle blockchain transactions directly in central bank money (CBDC). Track the progress of the digital euro HERE.

Senator Cynthia Lummis (R-WY) said the ARMA Bill, which allows the U.S. to purchase up to one million Bitcoin and is sponsored by Rep. Nick Begich in the House, does not specify funding sources and thus gives the executive branch flexibility that improves its chances of House passage this year.

Katie Boller Gosewisch (executive director, Alliance to End Human Trafficking) warned Section 604 of the Clarity Act could shield developers without fund control from liability when software aids trafficking payments.

Eleanor Terrett (journalist) said the Clarity Act would split digital asset jurisdiction between the CFTC and SEC to prevent SEC enforcement crackdowns like under Gary Gensler.

Carlos San Basilio (CNMV chair) said there will be no exceptions or extensions for unlicensed firms like Binance ahead of the MiCA deadline in the broader digital asset market.

Stephan Livera (Bitcoin advocate) argued there is political safety in numbers as more Bitcoin users make it harder to impose rules threatening self-custody like in South Africa or the EU.

Alex Thorn (Galaxy Digital researcher) reduced the odds of 2026 Clarity Act passage to 50-50 citing tight Senate calendar, competing legislation and unresolved ethics questions.

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🇵🇱 4 – Four suspects were arrested in Poland for SIM-swap attacks that stole funds from exchanges, reminding Bitcoin stackers why self-custody protects sovereignty. The Block

🇳🇬 2 – Nigeria and Rwanda signed a cooperation agreement to jointly regulate Bitcoin and strengthen efforts against fraud. Bitcoin.com

🇺🇸 82% – Betting markets give 82% odds that U.S. Democrat Maxine Waters, who opposes Bitcoin in 401(k)s, may soon chair a key House committee. CoinDesk

🇺🇸 40 – A super PAC supporting candidates friendly to Bitcoin achieved 38 wins out of its first 40 U.S. congressional primary races. Politico

📝 2,000 – More than 2,000 Alabama residents signed petitions against a proposed Bitcoin mining center, leading the county to impose a one-year moratorium. Al.com

🇬🇧 June 29 — DACOM UK 2026 (London) — Discussions on crypto market integrity, regulation, and compliance. Regulators and experts address surveillance and FSMA transitions relevant to broader digital asset market oversight.

🇪🇺 July 1 — MiCA Full Enforcement Deadline (EU) — Transitional period ends; unlicensed firms must wind down EU services. Expect platform restrictions and a push toward self-custody as users seek full control of their sats amid stricter compliance.

🇪🇺 July 1 — Binance EU Service Restrictions — Binance will withdraw services across Europe on July 1 as it lacks a MiCA license. The firm plans to seek MiCA authorization in the future.

🇪🇺 July 1 (compliance) / Jan 1 (reporting) — DAC8 Tax Reporting Rules (EU) — Crypto firms in Europe must prepare detailed user and transaction data sharing with tax authorities. Non-compliance risks asset seizure; expect heightened scrutiny that favors private self-custody for sovereignty-focused stackers. 

🇺🇸 July 1 — California DFAL License Deadline — Unlicensed entities serving California residents in digital financial activities must submit a complete application or stop operations. Tightens rules for exchanges and kiosks, reinforcing why self-custody avoids third-party risks.

🇧🇷 July 2 — Brazil Stablecoin 24-Hour Hold Proposal Comments Due — Central Bank seeks feedback on mandatory holds for large stablecoin transfers over $10k. Could slow B2B flows and highlight Bitcoin’s censorship-resistant edge for cross-border sovereignty.

🇺🇸 July 1–6 — Bitcoin Alaska Conference — Focuses on energy innovation, virtual sovereignty, and Bitcoin’s role in Alaska’s economy. Panels and networking for stackers interested in mining, self-custody, and policy at the state level.

🇪🇺 Ongoing through July — Digital Euro Trilogue Negotiations (European Parliament) — Fast-tracked talks set holding limits and privacy rules for the CBDC. Could influence competitive pressure on Bitcoin, making self-custody and privacy tools even more critical for European stackers.

“The market is a democracy where every penny gives a right to a vote.” — Ludwig von Mises

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