Trump is meeting crypto executives at the White House on Wednesday. CFTC Chair Michael Selig will be there too. And this is happening just ONE day before the CFTC’s first major Innovation Advisory Committee meeting, while the CLARITY Act is stalled in the Senate. Most people will watch the headlines. I’m watching the legal power being built underneath them. Tomorrow’s The Bitcoin Act breaks down what this actually means for Bitcoin, what the people closest to these issues are saying, the key legal numbers from this week, and the events next week that could matter. There are a lot of them. If you care about Bitcoin beyond the price, this is the stuff you need to see before it becomes obvious. And yes, just like every week: The first person to open tomorrow’s issue gets 2,100 sats. Be early. ₿

What about you, do you know any Bitcoin Cash hodlers? 👇

Quick question for bitcoiners: Does your country have a framework law on cryptoassets?

Most newsletters extract attention and give nothing back. Fountain (and a few other pure Bitcoin things) flipped that principle. Sats flow both ways for real attention. That stuck with me. So every issue of The Bitcoin Act works the same way: the first person to open it gets 2,100 sats over Lightning. One winner. No split. No raffle. Straight to their wallet. Used to be 21 sats for anyone who opened early. Then it felt off. Bitcoin doesn’t pay every miner who shows up. One takes the block. Same rule here. Just the legal signal that matters for staying sovereign, and sats for the fastest reader. Anyone else building something where sats actually move both directions? 👇

Bitcoin dominates them all! Do you agree?

Another unlicensed “crypto” platform just got its websites taken down. Investors report blocked withdrawals. The platform blamed the regulator. The regulator said that’s a lie. Yepbit is the latest reminder: if you don’t hold the keys, you don’t hold the coins. Thread 🧵 2/ ASIC (Australia’s securities regulator) used its website takedown powers on Wednesday to remove several sites linked to Yepbit. This came after investors reported they could not withdraw funds from the digital assets and futures trading platform. ASIC also added fresh warnings to its Investor Alert List. 3/ Yepbit told some investors that ASIC had frozen their funds while the platform dealt with audits or regulatory requirements. ASIC called those claims false. The regulator said it took no steps that stopped Yepbit from returning any funds. 4/ Yepbit does not hold an Australian Financial Services Licence. It is also not registered as a virtual asset service provider with AUSTRAC. ASIC has issued multiple alerts on Yepbit domains since March, with more added recently. 5/ This is not just an Australian issue. In February the Philippines SEC issued a cease-and-desist order against Yepbit Exchange Pty Limited and Fidelity Capital Investment Group for soliciting investments without the required approvals. 6/ In July Ghana’s SEC warned the public against Yepbit Exchange and Bonchat, calling them suspected fraudulent investment schemes and confirming neither is licensed. 7/ Unlicensed platforms that block withdrawals and then invent regulatory excuses are a familiar pattern. Your coins sitting on someone else’s website are not your coins. Self-custody exists for a reason. Stack sats. Hold your own keys. Ignore the shiny platforms that promise easy yields without real licenses. Have you or anyone you know been caught by one of these? Drop it below. Stay sharp out there.​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​ 8/ Want the full legal analysis on every Bitcoin bill, ethics trap, and regulatory landmine before the headlines hit? Subscribe free at

The Bitcoin Act

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The Bitcoin Act is the first newsletter covering Bitcoin regulation, sovereignty, and legal developments — and rewards you with 21 sats every iss...

No fluff. Just the clarity Bitcoiners actually need.

Do you buy your Bitcoin on a non-KYC exchange, or on a KYC CEX?

California's SB 1208 passed the state Senate 39-0. It lets prosecutors freeze your exchange-held Bitcoin for 10 days without a conviction, and the exchange doesn't have to tell you. Assembly hearing: August 13. Also in Issue #71 of The Bitcoin Act: South Africa wants every self-custody withdrawal reported, and Australia just pulled 96 Bitcoin ATMs offline for missing paperwork. Inside: → Sovereignty Move of the Week: is your Bitcoin currency, security, or property? → The Market Knows First: prediction markets are pricing a Trump pardon for Keonne Rodriguez, Clarity becoming law, and a crypto capital-gains repeal. Not your keys, not your coins, SB 1208 just made the case for you. 🟠 Bullish or bearish on SB 1208 clearing its August 13 hearing? 👇

And you, how many times a day do you check what’s in your wallet?

Callout post. Be honest, are you actually running your own node right now, yes or no? 👇

Had to update the map again this week. 🌎 Big one. Putin signed Russia's first comprehensive crypto law on Aug 4, so the Russia entry is fully rewritten. Federal Law 282-FZ, "On Digital Currencies and Digital Rights." Core provisions go live Sept 1. The state that spent a decade calling Bitcoin a threat just built a licensed market around it. What actually changed: — Retail can buy the most-liquid coins, capped at 300k rubles (~$3,700) a year per venue. — Exchanges must register with the central bank, hold 15M rubles equity, join an SRO. — The law enshrines judicial protection for holders. — Domestic payments stay banned. Russia's now updated. The map tracks 140+ countries on six things: is it legal, can you self-custody, how's it taxed, what's it classified as, where's the politics headed, and can the state take it. Which government do you trust least? 👇

Thune filed cloture on the CLARITY Act: a September 15 vote needing 60 of 100 senators. A delay, not a defeat. Also in Issue #70 of The Bitcoin Act: 🇷🇺 Putin caps Russian retail Bitcoin buys near $3,700/year, and 🇫🇷 scammers are impersonating France's markets regulator post-MiCA to drain wallets. Inside: → Saylor: Bitcoin needs no permission from Congress. Moreno: the talks are over. Lummis: the status quo fails everyone. → Plus this week's numbers in bitcoin law → Every bitcoin/law event on the calendar next week BTC doesn't need a cloture vote. 🟠 Bullish or bearish on CLARITY getting its 60 votes September 15? Drop your take below.

Bitcoin cannot be controlled! Do you agree? 👇

The Senate just punted the Clarity Act to September. Alsobrooks says the work isn't dead, just delayed. Crypto Council for Innovation is calling it a delay, not a derailment. Prediction markets are less convinced: odds on Clarity passing this year just fell to ~15%, down from 30% a week ago. Tomorrow's issue of The Bitcoin Act: → US + global expert takes on what the delay really means → This week's numbers in bitcoin law → Every bitcoin/law event on your calendar next week $BTC doesn't wait on cloture votes. 🟠 Does Clarity clear the Senate before midterms eat the floor schedule? Drop your take below.

Who else feels like this? 🤣

This is the way! 😉

I could talk about Bitcoin and the law for hours and never run dry. Most people glaze over after two minutes. My old circle used to politely change the subject. Now I just write the damn newsletter instead. Building The Bitcoin Act has turned that obsession into the best part of my day. Digging through court filings at midnight, arguing with myself over self-custody language, turning dry statutes into something that actually matters to people who run nodes. It’s not content. It’s the thing I genuinely look forward to. What’s the one topic you could go on about forever without getting tired? 👇

The Bitcoiner brain in one panel. Be honest, is there a rule you'd actually admit makes sense, or is it "no" by default? 👇

Bitcoin doesn’t care! 🍊

The real threat to bitcoiners isn't a bear market. It's not knowing your own cost basis when the letter shows up. Am I wrong?