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:

🏛️ Bitcoin developers protection
Senators propose shielding non-custodial crypto developers from money-transmitter laws as Senate market structure bill accelerates.

🇺🇸 Fed independence under pressure
Jerome Powell says DOJ subpoenas threaten Fed independence, raising market fears of political interference in monetary policy.

🇻🇪 Venezuela Bitcoin uncertainty
SEC chair questions whether Venezuela’s alleged Bitcoin reserves could legally be seized under US sanctions law.

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Senators Cynthia Lummis and Ron Wyden introduced the Blockchain Regulatory Certainty Act to clarify that developers who do not control user funds are not money transmitters. The bill aims to protect open-source software, self-custody, and DeFi builders, and is expected to be folded into the Senate’s broader crypto market structure legislation now moving quickly through committee. The Block

Federal Reserve Chair Jerome Powell said the DOJ has issued subpoenas and threatened criminal charges over his Senate testimony on Fed building renovations. Powell framed the move as political pressure aimed at undermining the Fed’s independence on interest rates, a development analysts warn could unsettle markets and weaken confidence in U.S. monetary institutions. FOX8

SEC Chair Paul Atkins said it remains unclear whether the U.S. would attempt to seize Venezuela’s reported bitcoin holdings, if they exist. His comments highlight growing legal uncertainty around state-held bitcoin, sanctions enforcement, and whether digital assets can realistically be treated as sovereign reserves under international and U.S. law. X

🇨🇭 Switzerland – Crypto custody guidance
FINMA warns crypto custody requires supervised providers, robust infrastructure, and clear insolvency protections for client assets.

🇰🇷 South Korea – Exchange ownership cap backlash
Korean crypto exchanges oppose proposed ownership caps, warning of reduced competitiveness, weaker accountability, and investor harm.

🇬🇧 UK – Crypto political donations targeted
UK committee chairs urge banning crypto political donations, citing transparency risks and potential foreign interference.

🇰🇭🇨🇳 Asia – Crypto scam extradition
Cambodia extradites alleged crypto scam mastermind to China after US accused network of stealing billions in cryptocurrency.

🇫🇷 France – Crypto-related kidnapping
Another crypto-linked kidnapping reported in France, highlighting rising personal security risks for crypto holders.

🇪🇺 EU – DAC8 compliance countdown
EU crypto providers must collect tax data in 2026, with withdrawals frozen if users refuse identification.

🇪🇺 EU – Binance retreats
Binance exits Netherlands and Cyprus, consolidating EU operations ahead of MiCA regulatory implementation.

🇺🇸 US – State Bitcoin reserves
Florida introduces bill allowing up to 10% of key public funds to hold Bitcoin and BTC ETFs.

"The market is a democracy in which every penny gives a right to vote." – Ludwig von Mises

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