Hello bitcoiners,

Welcome to the fifth 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 Signals U.S. Push for Crypto Leadership
The CFTC Chairman says Congress is close to passing market structure rules that could anchor the U.S. as a global crypto hub.

💰 Arizona Moves to Cut Crypto Taxes
New state bills seek to exempt digital assets from taxes, pending voter approval in 2026.

📉 Congressional Delays Trigger Crypto Outflows
Nearly $1B exited Bitcoin and Ethereum funds as stalled U.S. legislation reignited regulatory uncertainty and market anxiety.

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USA

CFTC Chairman on U.S. Crypto Leadership

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, signaling a pro-innovation stance that could encourage institutional adoption and strengthen the U.S.’s global leadership in digital assets. Bitcoin Magazine

Arizona Proposes Crypto Tax Exemptions

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, reflecting growing state-level efforts to attract blockchain businesses and protect crypto users from overregulation. TradingView

Congressional Delay Sparks $1B Crypto Outflow

Investment products tied to Bitcoin and Ethereum saw a $952 million outflow last week, driven by regulatory uncertainty after the Clarity Act’s markup was delayed. Ethereum led with $555 million withdrawn, Bitcoin $460 million. Analysts warn that the delay has heightened fears of large-scale selling, underscoring how U.S. legislative timing directly impacts crypto market stability and investor confidence. Yahoo Finance

Worldwide

🇬🇭 Ghana Legalizes Crypto
Parliament passes the Virtual Asset Service Providers Bill, formally regulating Bitcoin and crypto trading with Bank oversight.

🇭🇰 Insurance Capital Rules for Crypto
Hong Kong proposes 100% risk charge for insurers’ crypto exposure, steering capital while stablecoins face adjusted treatment.

🚨 IcomTech Promoter Sentenced
Magdaleno Mendoza gets 71 months for his role in the U.S. crypto Ponzi scheme targeting vulnerable investors.

⚖️ Jimmy Lai Verdict in HK
Chinese Foreign Ministry praises verdict, claiming HK courts uphold rule of law and fair judicial process.

💻 Meta & Chinese Crypto Scam Ads
Meta tolerates billions in fraudulent Chinese ads, despite internal anti-scam teams, raising concerns about user protection.

🇹🇼 Taiwan Embraces Crypto in Courts
Taiwan seizes 210 BTC, showing legal recognition of crypto evidence and reshaping judicial treatment of digital assets.

🇷🇺 Russia Bans Crypto Payments
Lawmakers affirm Bitcoin cannot be used as money, limiting crypto to investment instruments only.

Quote of the day ⚖️

“Money is not a creation of law; it is a creature of the market.” — Ludwig von Mises

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