Trump is meeting crypto executives at the White House on Wednesday.

CFTC Chair Michael Selig will be there too.

And this is happening just ONE day before the CFTC’s first major Innovation Advisory Committee meeting, while the CLARITY Act is stalled in the Senate.

Most people will watch the headlines.

I’m watching the legal power being built underneath them.

Tomorrow’s The Bitcoin Act breaks down what this actually means for Bitcoin, what the people closest to these issues are saying, the key legal numbers from this week, and the events next week that could matter.

There are a lot of them.

If you care about Bitcoin beyond the price, this is the stuff you need to see before it becomes obvious.

And yes, just like every week:

The first person to open tomorrow’s issue gets 2,100 sats.

Be early. ₿

The poll has ended! ⚡️ Here’s what you voted for: 👇

What about you, do you know any Bitcoin Cash hodlers? 👇

Quick question for bitcoiners: Does your country have a framework law on cryptoassets?

Most newsletters extract attention and give nothing back.

Fountain (and a few other pure Bitcoin things) flipped that principle. Sats flow both ways for real attention. That stuck with me.

So every issue of The Bitcoin Act works the same way: the first person to open it gets 2,100 sats over Lightning. One winner. No split. No raffle. Straight to their wallet.

Used to be 21 sats for anyone who opened early. Then it felt off. Bitcoin doesn’t pay every miner who shows up. One takes the block. Same rule here.
Just the legal signal that matters for staying sovereign, and sats for the fastest reader.

Anyone else building something where sats actually move both directions? 👇

Bitcoin dominates them all! Do you agree?

Another unlicensed “crypto” platform just got its websites taken down. Investors report blocked withdrawals. The platform blamed the regulator. The regulator said that’s a lie.
Yepbit is the latest reminder: if you don’t hold the keys, you don’t hold the coins. Thread 🧵

2/
ASIC (Australia’s securities regulator) used its website takedown powers on Wednesday to remove several sites linked to Yepbit. This came after investors reported they could not withdraw funds from the digital assets and futures trading platform.
ASIC also added fresh warnings to its Investor Alert List.

3/
Yepbit told some investors that ASIC had frozen their funds while the platform dealt with audits or regulatory requirements.
ASIC called those claims false. The regulator said it took no steps that stopped Yepbit from returning any funds.

4/
Yepbit does not hold an Australian Financial Services Licence. It is also not registered as a virtual asset service provider with AUSTRAC.
ASIC has issued multiple alerts on Yepbit domains since March, with more added recently.

5/
This is not just an Australian issue.
In February the Philippines SEC issued a cease-and-desist order against Yepbit Exchange Pty Limited and Fidelity Capital Investment Group for soliciting investments without the required approvals.

6/
In July Ghana’s SEC warned the public against Yepbit Exchange and Bonchat, calling them suspected fraudulent investment schemes and confirming neither is licensed.

7/
Unlicensed platforms that block withdrawals and then invent regulatory excuses are a familiar pattern.
Your coins sitting on someone else’s website are not your coins. Self-custody exists for a reason.
Stack sats. Hold your own keys. Ignore the shiny platforms that promise easy yields without real licenses.
Have you or anyone you know been caught by one of these? Drop it below. Stay sharp out there.​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​

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Want the full legal analysis on every Bitcoin bill, ethics trap, and regulatory landmine before the headlines hit?

Subscribe free at https://thebitcoinact.xyz

No fluff. Just the clarity Bitcoiners actually need.

Do you buy your Bitcoin on a non-KYC exchange, or on a KYC CEX?

The answer was: C) $10,000

California's SB 1208 passed the state Senate 39-0. It lets prosecutors freeze your exchange-held Bitcoin for 10 days without a conviction, and the exchange doesn't have to tell you. Assembly hearing: August 13.

Also in Issue #71 of The Bitcoin Act: South Africa wants every self-custody withdrawal reported, and Australia just pulled 96 Bitcoin ATMs offline for missing paperwork.

Inside:
→ Sovereignty Move of the Week: is your Bitcoin currency, security, or property?
→ The Market Knows First: prediction markets are pricing a Trump pardon for Keonne Rodriguez, Clarity becoming law, and a crypto capital-gains repeal.

Not your keys, not your coins, SB 1208 just made the case for you. 🟠

Bullish or bearish on SB 1208 clearing its August 13 hearing? 👇