Welcome to the tenth 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:

🇺🇸 Trump Won’t Pardon Sam Bankman-Fried
Trump said he has no plans to pardon SBF, signaling that political considerations may outweigh crypto lobbying in clemency decisions.

🇨🇴 Colombia Mandates Crypto Data Reporting
Colombian tax authorities require exchanges to submit detailed user data, aiming to strengthen compliance and align with global standards.

🇬🇧 UK FCA Sets Crypto Licensing Gateway
The FCA said they would open a formal licensing gateway in September 2026, offering clarity to crypto firms ahead of the full 2027 regulatory framework.

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Trump said he has no plans to pardon Sam Bankman-Fried, signaling that political considerations may outweigh crypto industry lobbying in high-profile clemency decisions.

Colombian tax authorities argued mandatory reporting of crypto exchange user data strengthens compliance and aligns the country with global standards, though it may pressure smaller providers.

The UK FCA said September 2026 will mark a formal gateway for crypto licensing, giving firms clarity but imposing compliance burdens before the full 2027 regulatory regime.

Cathie Wood warned the U.S. may begin buying bitcoin for a strategic reserve, which could reshape fiscal policy and signal government endorsement of digital assets

Kalshi CEO Tarek Mansour said government insiders must be barred from prediction-market trading, highlighting concerns over fairness, though he distinguishes regulated U.S. exchanges from offshore platforms.

Brian Armstrong said law firms hiring ex-SEC enforcers must recognize the emotional impact of regulatory actions on crypto firms, emphasizing transparency and industry sensitivity in legal strategies.

Raúl Carrillo contends U.S. financial regulation is outdated, urging a shift from asset classification to understanding crypto platforms’ structural power and functional sovereignty in monetary systems.

💸 Polymarket — January Fed Decision: Market sees 96% probability of no change in rates. . Polymarket

📈 Polymarket — Trump’s Fed Chair Pick: Kevin Warsh leads at 45%, followed by Kevin Hassett 34%, Christopher Waller 12.7%, Rick Rieder 3.7%. Polymarket

📉 Up to 1% fines may be imposed on crypto platforms that fail to report required user and transaction data under Colombia’s new rules. AInvest

👀 July 1, 2026 is Russia’s deadline to finalize its comprehensive legal framework for digital assets under the central bank’s roadmap. TradingView

“Freedom is indivisible. As soon as one starts to restrict it, one enters upon a decline on which it is difficult to stop.” — Ludwig von Mises

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