Welcome to the second 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:

🏛️ Coinbase, OCC & Crypto Banking
Paul Grewal praises new federal trust charters, highlighting legal clarity and consumer protections for crypto-friendly banks.

⚖️ Samourai Wallet Trial Tests Privacy & Code-as-Speech
Juan Galt warns that developers’ freedom and financial privacy protections face a U.S. First Amendment test.

💶 France Tightens Self-Custody Disclosure Rules
Amendment 1649AC requires citizens to report exact crypto holdings, raising privacy concerns and creating a sensitive database.

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Paul Grewal says the OCC’s conditional approval of national trust bank charters is legally sound and overdue, arguing that consistent federal oversight will strengthen consumer protections while responsibly integrating Bitcoin-related services into the U.S. banking system.

Juan Galt argues the Samourai Wallet prosecution threatens developer freedom and financial privacy, testing whether privacy-preserving software remains protected speech under the First Amendment as U.S. policy commitments to self-custody face their first real trial.

Kudzai Kutukwa contends the digital euro represents monetary surveillance masquerading as progress, warning it replaces economic freedom with political control, while Bitcoin offers an alternative rooted in decentralization, mathematical scarcity, and separation of money from the state.

Eric Larchevêque warns France’s proposed amendment forcing disclosure of self-custodied Bitcoin valuations creates a dangerous privacy precedent, assembling sensitive databases that link identities to balances without any taxable event or demonstrated public necessity.

Keith Self says Republicans were misled after anti-CBDC language was removed from the defense bill, framing the omission as a betrayal of promises and a failure to block government-issued digital money that threatens individual financial sovereignty.

Tajik authorities argue harsh penalties for illegal Bitcoin mining are necessary to protect the power grid, while critics see the law as criminalizing energy use rather than addressing structural shortages through transparent pricing and infrastructure reform.

📊 A major global investigation found that Binance accounts continued to process over $400M in suspect cryptocurrency flows even after a guilty plea on money-laundering violations, highlighting ongoing AML challenges. ICIJ

📊 More than 70% of jurisdictions reviewed in a global policy study are advancing stablecoin regulation in 2025 — a major shift toward formal legal frameworks for digital assets. TRM Labs

📊Polymarket bettors currently assign a 52% probability to Kevin Hassett being nominated as the next Fed Chair, followed by Kevin Warsh at 38%, reflecting market expectations around future monetary and regulatory direction. Polymarket

“The power to regulate is the power to destroy.” — Chief Justice John Marshall, U.S. Supreme Court (1819)

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