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Recent Notes

Myntad · 3d
Bitcoin can not be stopped!
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πŸ‘€ Cynthia Lummis just told the Senate the Clarity Act's promise is simple: "β‚Ώuild here. Stay here. Grow here."

Prediction markets are betting against her.
The odds of the Clarity Act passing this year keep falling.

A Senate staffer admitted this week: "I don't see how there could be anything by July 4."

Plus, Democrats want new ethics language tied to the Trump family's #crypto profits.

Meanwhile in Europe, the real #MiCA story isn't Binance. Out of 3,000+ firms that used to operate across the EU, only ~200 have a licence before July 1. Hundreds of thousands of users could lose exchange access within days.

Tomorrow's newsletter breaks down both fights: expert analysis, strong opinions, every law & policy event to watch next week, and the Numbers of the Week.

πŸ‘‰ Drops in less than 24h
πŸ‘‰ Open early, earn your 21 sats
πŸ‘‰ If you're not subscribed already, fix that now: https://thebitcoinact.xyz/subscribe

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The Bitcoin Act · 6d
πŸ’₯ Strategy just got hit with a securities investigation. $MSTR, $STRC, $STRK, $STRF, $STRD β€” all of it under Rosen Law's radar. Everyone's calling it ambulance chasing. As a lawyer and Bitcoin...
The Bitcoin Act profile picture
πŸ“© I cover Bitcoin law & stories like this one twice a week in The Bitcoin Act.

Full legal breakdown of the Strategy investigation dropping this week, explained by a lawyer, before it hits mainstream.

πŸ‘‰ https://thebitcoinact.xyz/subscribe

Free. Open early β†’ earn 21 sats ⚑
The Bitcoin Act profile picture
πŸ’₯ Strategy just got hit with a securities investigation.

$MSTR, $STRC, $STRK, $STRF, $STRD β€” all of it under Rosen Law's radar.

Everyone's calling it ambulance chasing.

As a lawyer and Bitcoin maxi, I think they're wrong.

πŸ‘‰ Every Thursday I publish a build in public post about The Bitcoin Act. But I had to talk about this news.

$STRC β€” Saylor's preferred stock β€” just crashed 19% BELOW its $100 par value.

And that triggers a brutal contract clause:

Every time it falls below $95 β†’ dividend rate auto-ratchets UP +0.5%.

Strategy is paying more to borrow. In a bear market. While BTC bleeds.

Now Rosen Law is asking:

πŸ‘€ Did Strategy give investors "materially misleading business information"?

As a lawyer, 2 things I'm watching:
1. Did the prospectus disclose how brutal this ratchet gets in a real bear?
2. Were preferred investors ever told the "never sell" narrative could silently break?

#Bitcoin survives this. Obviously.

But this is a precedent-setting moment for every corporate Bitcoin treasury that comes after Saylor.

Ambulance chasing or the beginning of a real legal reckoning? ⁉️

Drop your take πŸ‘‡
1❀️1
The Bitcoin Act · 6d
πŸ“© I cover Bitcoin law & stories like this one twice a week in The Bitcoin Act. Full legal breakdown of the Strategy investigation dropping this week, explained by a lawyer, before it hits mainstream. πŸ‘‰ https://thebitcoinact.xyz/subscribe Free. Open early β†’ earn 21 sats ⚑
Myntad · 6d
Challenge: Convince him to double down below $60k. πŸ˜„
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🧡 Legal thread of the week: Congress just banned the Fed’s digital dollar until 2031

The House just passed a housing bill 358-32 that also bars the Federal Reserve from issuing a #CBDC until December 31, 2030. πŸ‘‡

πŸ›οΈ The Senate cleared the same package days earlier with overwhelming support.
The bill now sits on President Trump’s desk.

πŸ‘€ Title XI of the 21st Century ROAD to Housing Act prohibits the #Fed from issuing or creating a CBDC, or any digital asset β€œsubstantially similar” to one, without a separate act of Congress.

😑 A central bank digital currency would be government-issued digital dollars under direct central bank control.
This law treats any such instrument the same as new paper currency: it requires explicit legislative approval.

πŸ›οΈ The core of the bill focuses on housing supply.
It cuts red tape on construction, modernizes federal programs, and restricts large institutional investors from buying up single-family homes.

The CBDC provision aligns with the current administration’s position.
Treasury Secretary Scott Bessent has stated that central bank digital currencies are β€œoff the table.”

Congress has now required its own approval before the Federal Reserve can create anything resembling a programmable digital dollar.
That line matters.

Bitcoin maxi?

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