Welcome to the first 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:

🏛️ CFTC Greenlights Bitcoin as Collateral
The U.S. regulator opens a pilot allowing bitcoin to be used in derivatives markets.

⚔️ U.S. Defense Bill Hints at Proof-of-Work Strategy
Congress quietly mandates a study on cost-imposition in cyberspace, echoing Bitcoin’s security logic.

🎓 Bitcoin Enters the 529 College Savings Debate
New research challenges long-standing legal limits on education savings by proposing bitcoin exposure.

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The U.S. Commodity Futures Trading Commission this week launched a pilot program allowing bitcoin, ether, and USDC to be used as collateral in derivatives markets. Acting Chair Caroline Pham emphasized strict custody, reporting, and oversight requirements. The CFTC also withdrew outdated 2020 guidance, signaling a shift from blanket prohibition to conditional legal integration, framed under the GENIUS Act and a technology-neutral approach. Coindesk

Section 1543 of the House’s 2026 defense bill directs the Pentagon to study ways to impose costs on state-backed hackers. While Bitcoin is never named, the framework mirrors proof-of-work logic: pricing attacks to change adversary behavior. Ideas once seen as fringe are now entering statutory instructions for U.S. cyber defense. Cryptoslate

A new policy paper argues that U.S. 529 plans, restricted to mutual funds, underperform against inflation and tuition rises. Even small bitcoin allocations—1–2%—could improve long-term returns and portfolio efficiency. The legal question arises: why allow IRAs and HSAs Bitcoin exposure, but block education savings from scarce, non-sovereign money? BTCPolicy

🇫🇷 France – AMF eases crypto‑linked product rules
The AMF now allows certain crypto‑linked financial products to be offered to retail investors under strict liquidity, leverage, and custody conditions.

🔎 France – tax authorities target self‑hosted wallets
Authorities may require declaration of self‑custodied wallets and monitor social media for undeclared crypto holdings, signaling stricter enforcement.

⚖️ US - Bitcoin Policy Institute seeks pardon for Samourai Wallet devs
The institute calls for a presidential pardon for developers convicted over privacy software, highlighting tension between open‑source tools and federal law.

⚖️ US - David Sacks denies conflict-of-interest claims
White House crypto and AI advisor David Sacks rejects a NYT investigation alleging he shaped policy for personal gain. He says he divested most holdings and has hired a defamation law firm to challenge the report.

🇫🇷 France – Blobb.io CEO pushes Bitcoin mining
Florent Gabriel, CEO of Blobb.io, urges France to leverage its nuclear energy for Bitcoin mining, highlighting the country’s competitive advantage versus China, the U.S., and Russia.

🇺🇸 US - SEC approves Bitwise’s second crypto index ETP
The Bitwise 10 Crypto Index Fund (BITW) is now an NYSE Arca-traded exchange product, giving investors regulated exposure to the top 10 cryptocurrencies, including BTC, and potentially attracting institutional capital.

🇦🇷 Argentina moves toward bank-based Bitcoin services
The central bank is reviewing rules to let commercial banks offer crypto trading and custody, reintegrating Bitcoin under regulated channels after years of unmonitored growth.

“Bitcoin is the separation of money and state.” — Andreas M. Antonopoulos

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