Welcome to issue #39 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:

🏛️ Senate Delays CLARITY Act Markup 
Senator Thom Tillis said the Senate Banking Committee will not hold a markup on the CLARITY Act in April.

🛡️ Jason Lowery Appointed to Indo-Pacific Command 
Jason Lowery has been named Special Assistant to the Commander of U.S. Indo-Pacific Command.

⚠️ BIS Warns Against Dollar Stablecoins 
The head of the Bank for International Settlements warned that the rising use of U.S. dollar stablecoins for international payments poses risks to financial integrity.

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Senator Thom Tillis, a key negotiator on the Senate Banking Committee, told reporters he does not expect the committee to hold a hearing or markup on the CLARITY Act in April. He indicated the panel should instead target May to allow more time to finalize the compromise on stablecoin yield.

For everyday Bitcoin holders, this is the bill we have been talking about for a very long time. Some Bitcoiners strongly support the CLARITY Act for the clarity and self-custody protections it could bring, while others are against it because of the compromises being made to please banks. With Polymarket currently giving only 47% chance it passes in 2026 and midterms approaching, the door is closing.

The Block

Jason Lowery, author of Softwar and a leading voice on Bitcoin’s strategic importance as a form of power projection through proof-of-work, has been appointed Special Assistant to the Commander of U.S. Indo-Pacific Command. In this role, he will directly advise the commander on strategic priorities for the Department of Defense in the region.

For Bitcoiners who understand Bitcoin as hard money and digital energy, this is a significant signal. Lowery’s core thesis, that control of hashrate is a new domain of national power, is now being brought directly into one of America’s most critical military commands. In your everyday life, it reinforces that Bitcoin is no longer just personal savings, it is increasingly seen at the highest levels as a strategic asset that matters for national security and global power dynamics.

Bitcoin Magazine

The head of the Bank for International Settlements, Pablo Hernández de Cos, warned that the growing use of U.S. dollar stablecoins for international payments poses risks to financial integrity, including regulatory circumvention, capital control evasion, and tax evasion.

For Bitcoiners, this is a loud and clear reminder: stablecoins are just on-chain fiat. They are convenient, but they come with the same devaluation, control, and counterparty risks as traditional banking, only faster. In your daily life, the message is simple and unchanged, stick to Bitcoin. Hold your own keys, stack real sats, and treat stablecoins as temporary tools at best, never as a substitute for sound money.

Bitcoin.com

🚨 Counterfeit Ledger Devices Exposed
Security researcher revealed a large-scale operation distributing fake Ledger Nano S Plus devices with malicious hardware and software designed to steal Bitcoin transactions.

🇫🇷 France Faces 41 Crypto Kidnappings
French authorities reported 41 cryptocurrency-related kidnappings in 2025, averaging one every 2.5 days, as part of a global surge in wrench attacks.

🇬🇧 Liz Truss Backs Bitcoin
Former UK Prime Minister Liz Truss declared that Bitcoin will be a key part of the British counter-revolution.

🇬🇧 UK FCA Consults on Crypto Rules
Britain’s Financial Conduct Authority launched a consultation on proposed regulations for Bitcoin trading platforms and custody, set to take effect by October 2027.

🌍 FATF Urges Faster Crypto Standards
The FATF called for rapid global rollout of crypto standards, warning that cross-border enforcement gaps are raising systemic risks and enabling illicit finance.

🇫🇷 French Minister Pushes Euro Stablecoins
French Finance Minister Roland Lescure said Europe needs more euro-pegged stablecoins to challenge U.S. dominance and urged banks to launch tokenized deposits.

🇨🇭 Satoshi Statue Vandalized Again
The Satoshi statue in Lugano, Switzerland, was vandalized for the second time after being thrown into the lake last summer.

🇵🇱 Polish PM Accuses Crypto Firm
Polish Prime Minister Donald Tusk claimed a crypto firm tied to the Russian mafia and secret service sponsored political rivals and backed a candidate.

🇧🇷 Brazil Arrests Singers in Laundering Ring
Brazilian police arrested singers MC Ryan SP and others in Operation Narco Fluxo, dismantling a $320 million crypto money laundering ring across eight states.

🇫🇷 Yield Issue Spreads to France
French TV confirmed the stablecoin yield debate has reached France, with industry leaders warning it will expand across Europe.

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“Producing laws is not an easier job than producing cars and food, so if the government is incompetent to produce cars or food, why do you expect it to do a good job producing the legal system within which you are then going to produce the cars and the food?” — David D. Friedman

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