21,000,000. No 'unless otherwise determined.' Can your currency say the same?

Someone else holds the remote to your savings. Do you know who?

If your government passed a law tomorrow banning self-custody and requiring all Bitcoin to be held with a licensed custodian, would you comply? 👇

I updated the Thailand entry on the Global Bitcoin Regulatory Map. The reason: Bitcoin ETFs are coming to the Thai stock exchange. On 8 October, the Thai SEC issued 11 notifications. They take effect on 16 October. What the rules say: - Bitcoin eligible from day one. - At least 80% exposure to one asset. - Coins held by SEC regulated custodians. - Foreign crypto ETFs stay out for most investors. Thailand now has a regulated way to get Bitcoin exposure on the stock exchange. But an ETF share is not a UTXO. You own fund units, not keys. Will Thai investors stop at the ETF, or use it as a first step to holding their own keys? 👇

One set of rules hasn’t changed since 2009. The other gets rewritten every time the political winds shift. Which one would you rather build your savings on?

Legal tender is money you’re forced to accept. Chosen tender is money you actually want. If you could only pick one for your savings, which one are you choosing? 👇

Our Bitcoin GIFs just passed 1 million views on GIPHY. Honestly, I didn’t see that coming. They started as a small side thing. A few reactions made for fun. Turns out a lot of you are using them. That’s the idea behind everything we build: useful stuff for Bitcoiners, free. A newsletter on Bitcoin law. A game to test what you really know. A website that explains the legal side in plain words. And now GIFs. Nothing extraordinary. But if one of them makes someone laugh in a group chat, or helps a friend understand Bitcoin a little better, I’m happy. Thank you for using them. And if there’s a Bitcoin reaction you keep looking for and can’t find, tell me. I’ll make it next.

One side needs a legal team to interpret it. The other fits in two numbers: 21M and 10 min. When was the last time a law was this easy to understand? 👇

Some weeks, Bitcoin law barely moves. This wasn’t one of them. Today’s issue of The Bitcoin Act covers what lawmakers and regulators said this week, every vote and deadline coming up next week, and the five numbers that stood out. From Washington to Bangkok. Already read it? Did you like this one? 👇

Growth has been slow these last few days. Some days, a handful of new subscribers. Some days, barely any. I don’t care. I didn’t start The Bitcoin Act to go viral. I started it because I love this stuff. Bitcoin, law, regulation. Every new bill, every court ruling, every regulator changing its mind. Twice a week. Tuesday and Sunday. Whatever the chart says. Bitcoiners already know how this works. You don’t stop stacking because price went sideways. You don’t quit because a week felt boring. Low time preference isn’t just for your savings. It’s for what you build. Tick tock, next issue.

Federal candidates who bet on their own elections could soon face a penalty of at least $10,000 per violation. Representative Don Davis introduced the No Betting on Your Own Race Act on Monday. Here is what it says.

76 countries and territories have agreed to swap tax data on crypto accounts. Starting in 2027, your exchange account is part of that flow. I put everything you need to know into one guide: "They Already Know: How Governments Will See Your Bitcoin Starting in 2027" What's inside: → The exact data your exchange now collects on you → How withdrawals to your own wallet get reported, and what never shows up → Who shares your file with whom, and when → US, EU, UK, Switzerland, Canada and Australia in one table → Every key date from now to 2029 It's free for the next 4 hours. Subscribe to The Bitcoin Act before the window closes and it lands in your inbox. Link in the first reply.

🇬🇧 The UK crypto regulatory clock is now running. If you want clear updates on Bitcoin, crypto regulation and the law: 👉 Subscribe to The Bitcoin Act newsletter: thebitcoinact.xyz

The new regime will cover a broader range of crypto activities. That includes: • Trading • Transactions • Staking • Digital asset custody It also introduces new rules around cryptoasset admissions and disclosures.

🇬🇧 The UK’s FCA has opened crypto authorization applications. This is the start of a new regulatory process for crypto firms operating in the UK. And there are two important dates to know.

I just sent today’s issue. The first ten readers who open it and send me a Lightning address will receive 210 sats. I have done this with every issue. It is a direct payment to other Bitcoiners, not a promotion and not a contest. If you write or build in Bitcoin, do you pay the people who actually read the work?

Be honest, has any regulation actually changed the way you use or hold Bitcoin, or just the way you talk about it? 👇

Today's issue of The Bitcoin Act breaks down every paper trail the IRS uses to follow your coins, plus: ⚖️ Every Bitcoin legal and regulatory story of the week, US and worldwide 🌍 One country just confirmed self-custody stays off its reporting form 📊 Where prediction markets sit on Bitcoin law right now Should governments be allowed to track every Bitcoin transaction? 👇

California just banned public officials from launching memecoins (AB 2409). Newsom says ~1M investors lost $3B+ on the Trump memecoin. How much does he say Trump made? 👇