Hello bitcoiners,
Welcome to the 20th 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:
🇺🇸 Warren & Kim: Probe UAE’s $500M Trump Crypto Stake
Sens. Warren and Kim demand CFIUS review of UAE investment in World Liberty Financial by March 5.
⚖️ Bessent: Pass Clarity Act This Spring
Treasury Secretary Bessent urges Congress to enact crypto market clarity law now for US leadership.
💰 Rochard: Zero Taxes on Bitcoin
Pierre Rochard argues Bitcoin is money and should be fully tax-exempt.
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Opinion and analysis
CFTC Chair Michael S. Selig appointed crypto heavyweights like Coinbase’s Brian Armstrong and Solana’s Anatoly Yakovenko to a 35-person Innovation Advisory Committee to guide oversight of AI and blockchain technologies.
Walker (from The Bitcoin Podcast) argues that a country failing to enforce the law and protect citizens’ private property from plunderers is a failed state, declaring France a failed state amid escalating Bitcoin attacks.
Pierre Rochard from Strive argues that Bitcoin is money and should be exempt from all taxes, responding to calls for long-term holding tax relief in the UK and US.
Sens. Elizabeth Warren and Andy Kim demanded that Treasury Secretary Scott Bessent evaluate a CFIUS national security review of the UAE’s reported $500 million stake in Trump-linked World Liberty Financial by March 5.
Ramil Ventura Palafox was sentenced to 20 years in prison for operating a $200 million Bitcoin Ponzi scheme that defrauded over 90,000 investors worldwide through false trading promises.
SEC Chair Paul Atkins warned that prediction markets like Kalshi and Polymarket represent a “huge issue” due to overlapping SEC-CFTC jurisdiction amid their post-2024 election growth.
Anatoly Aksakov, head of Russia's State Duma Committee on Financial Markets, warns that Bitcoin is bound to collapse sooner or later due to lacking backing, despite drafting new Russian legislation to regulate and legalize crypto mining.
The European Commission proposed banning all crypto transactions tied to Russia, including platforms and stablecoins, in its 20th sanctions package to curb evasion via digital assets.
Dr. Ernst Roets, head of Lex Libertas, argues that while the world is changing rapidly, societies should not abandon core principles like liberty, self-governance, and sound money (Bitcoin) but strengthen them through decentralized structures.
Treasury Secretary Scott Bessent urged Congress to pass the Digital Asset Market Clarity Act this spring, warning that legal certainty is essential for US Bitcoin and crypto market competitiveness.
Poll
🇺🇸 Treasury Secretary Scott Bessent on CNBC urged Congress to pass the Clarity Act THIS SPRING, the bill that could finally give Bitcoin clear commodity status under CFTC (no more SEC security fights). Is federal clarity the path forward or a trap?
Latest poll results

Numbers of the week
📊 87% – Binance holds 87% ($4.7B) of Trump-linked USD1 stablecoin’s $5.4B supply; CZ’s pardon sparks quid pro quo concerns. Benzinga
🏛️ $6T – Bank of America CEO warns up to $6T (30-35%) of US bank deposits could flow to stablecoins without yield restrictions. Yahoo Finance
🇫🇷 11/14 – Eleven of 14 global crypto wrench attacks in 2026 occur in France, driven by data breaches and judicial gaps. Forbes
🎲 55% – Polymarket odds for Clarity Act signed into law by end-2026 at 55% amid legislative delays and industry clashes. Polymarket
🎲 81% – Polymarket sees 81% chance of another US shutdown by Jan 31 + Democratic House win in 2026; 18% for Republicans. Polymarket
Quote of the day ⚖️
“The great aim of the struggle for liberty has been equality before the law.” — Friedrich A. Hayek
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Regards,
— Satoshi’s Lawyer

