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The Bitcoin Act
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We cover #Bitcoin & #legal news in our newsletter 📰, and share updates, polls & the best Bitcoin memes on Primal 😎. Save time, stay informed, laugh a little.
🇬🇭 #Ghana Legalizes Crypto. Parliament passes the Virtual Asset Service Providers Bill, formally regulating #Bitcoin and crypto trading with Bank oversight. image
🇺🇸 #Arizona Senator Wendy Rogers introduced bills to exempt virtual currencies from state taxes, bar local governments from taxing #blockchain nodes, and amend property tax definitions to include digital assets. While node exemptions may pass in the legislature, tax-related measures require voter approval in November 2026. 🔥 image
The #CFTC Chairman announced that Congress is set to pass digital asset market structure legislation, which will cement the U.S. as the “Crypto Capital of the World.” This landmark move aims to clarify the regulatory landscape for #crypto trading and investment. image
🧠 Legal Quiz of the week: Does #Switzerland’s wealth tax include #Bitcoin? 🤔 A) Yes, Bitcoin counted ✅ B) No, Bitcoin excluded ❌
🇺🇸 David Sacks noted the #Clarity Act will not be a catalyst for #Bitcoin growth, as markets have already priced in regulatory clarity and remain driven by broader macro forces. ⚡️ image
Olivier Janssens argues private #Bitcoin communities with their own courts could demonstrate #legal pluralism, challenging the monopoly of nation-state legal systems through voluntary, contract-based #governance. image
⚡️ #Bitcoin Magazine reports #Taiwan’s seized bitcoin disclosure shows governments are already holding $BTC in practice, even as legal uncertainty persists around custody, liquidation, and reserve treatment. 🇹🇼 image
❓ Do you think #Bitcoin laws need more clarity? 👇👇 1️⃣ Clear rules ✅ 2️⃣ Less grey zones ⚖️ 3️⃣ Keep it flexible 🔄 4️⃣ Don’t touch it 🙅 Vote & comment! 🗳️💬
Thread 🧵: The Samourai Wallet Case – Bitcoin, Privacy & the Law 1/ This week, attention turns to the Samourai Wallet trial. Founders Keonne Rodriguez & William Hill were convicted for operating an unlicensed money transmitting business. Trump may review their case. ⚖️ #Bitcoin #Law 2/ Rodriguez faces 5 years, Hill 4. Their trial raises fundamental questions: Can developers be held liable for software enabling private Bitcoin transactions? Is code considered free speech? 💻 #Privacy 3/ The DOJ claims Samourai Wallet facilitated over $2B in unlawful transactions and helped launder $100M from dark web markets. But the software never held custody. How far does “software liability” go? 🕵️‍♂️ 4/ Historically, US courts have protected software as speech: Bernstein v. US (1999) confirmed cryptography code can be First Amendment-protected. But functional tools crossing certain lines can face regulation. #CodeIsSpeech 5/ The Samourai case tests these boundaries again. Can privacy software survive scrutiny under anti-money-laundering laws while defending developer freedoms? The implications are huge for open-source projects. 🔒 #SelfCustody 6/ Meanwhile, crypto regulation in the US evolves: FSOC drops digital assets from its risk list, focusing on economic growth. The SEC publishes a crypto custody guide, signaling a more investor-friendly stance. 📊 #BitcoinNews 7/ A pardon for Samourai founders would align with promises to protect self-custody rights & end the “anti-crypto crusade,” reinforcing privacy and developer freedom in the US. 🇺🇸 #BitcoinPolicy 8/ In short: this is more than a trial. It’s a test of legal precedent, financial privacy, and the role of software in the law. Every Bitcoin developer should pay attention. ⚡ #BitcoinLaw
🏦 The #SEC released a guidance bulletin for investors detailing crypto #custody best practices, risks, and #wallet types. It covers hot vs. cold wallets, self-custody, and third-party risks like rehypothecation. The guide marks a major shift from past hostility, aiming to educate investors and reflect the legacy financial system moving on-chain. 🇺🇸 image
⚡️ The U.S. Financial Stability Oversight Council (FSOC) no longer flags digital assets as financial-system risks. Treasury Secretary Scott #Bessent emphasized sustainable economic growth over vulnerability monitoring. #Stablecoins are noted for potential illicit use, but crypto’s growing sector is now largely praised, signaling Trump-era regulators’ #crypto-friendly stance. image
🇺🇸 President Donald #Trump said he’ll review the case of #Samourai Wallet co-founders Keonne Rodriguez and William Hill, convicted for operating an unlicensed money transmitting business. A #pardon would protect developer freedoms and self-custody rights, aligning with Trump’s campaign promises to end the “anti-crypto crusade.” Rodriguez faces five years while Hill received four. image