SatStandard

npub1y5e9w7tvf3nwjms44mufnuf7rvqntstk8n0p06yazjuzsd4zruyst5dr0r Proud Paranoid Crypto Anarchists

[Stand With Crypto🛡️ @standwithcrypto]

The Clarity Act dedicates an entire title to illicit finance and sanctions compliance for digital asset firms, expanded Treasury special measures, and blockchain intelligence tools to detect sanctions evasion.

It makes evasion harder, not easier.

[Carl @HistoryBoomer]

If you've spent half your life not knowing what the sunk-cost fallacy is, it's probably not worth learning it now.

[Sparrow Wallet 🐦 @SparrowWallet]

Unless @Apple's decision to terminate @craigraw's Apple Developer account is reversed by June 30, all new installs of Sparrow will fail, and development on macOS will end. If you value Sparrow, a repost would help. @AppleSupport

[STRIKE @Strike]

Strike is now on Plaid.

Connect your account to your bank, Venmo, Robinhood, PayPal, and anywhere else you move money.

Buy, save, borrow, send, and now move freely between Strike and the rest of your finances.

One app for your entire bitcoin life.

[STRIKE @Strike]

We care deeply about Bitcoiners. At Strike, there is nothing more important than helping our customers' secure their bitcoin.

This week we shipped an update to our emails that renders email-based phishing attempts completely obsolete.

Anti-phishing codes are now live on Strike.

[Marty Bent @MartyBent]

.@PYoes is pushing for open-source software developers to be held liable for what criminals do with bitcoin by pressing Senators Scott and Warren to remove Section 604 from the CLARITY Act.

After reading the letter, it's clear that he doesn't understand how bitcoin works. Protecting developers from liability does nothing to impede law enforcement from utilizing block explorers and chain analysis heuristics.

[Shooter McGavin @ShooterMcGavin]

LIV Golfers returning to the PGA

[STRIKE @Strike]

First merch drop is today at 2pm at booth 1150.

First come, first served, completely free.

Extremely limited quantities.

[LaurentMT @LaurentMT]

Coinbase Quantum Advisory Council has published a position paper on quantum computing and blockchain that doesn't contain a single instance of the term "address reuse".

Let that sink in.

[Bitcoin Policy Institute @bitcoinpolicy]

BREAKING: ADM Paparo, 4-star Admiral and Commander of U.S. Indo-Pacific Command, just testified before the Senate that “Bitcoin shows incredible potential” as a tool for U.S. national security. Watch the full exchange:

[Bitcoin Jawn @bitcoinjawn]

May Jawn is going to be a banger. Right on the heels of the Bitcoin Conference, we're going to get after it. See you there. RSVP below.

Philly x Bitcoin.

[Montreal Expos @Montreal_Expos]

We have sent a notice to cease & desist to the Milwaukee Brewers.

Having rain fall inside a stadium with a closed retractable roof is the intellectual property of the Montreal Expos.

[Prequel Memes @rPrequelMemes]

Marco Rubio Preparing to Blockade a Critical Trade Route https://t.co/E7Pa4Zp9yN

[Coinjoined Chris ⚡ @coinjoined]

This is my quantum.
Look at him! Look at his silly mustache!
Yes i'm sure of the moon math and the VC pitch deck!

[TFTC @TFTC21]

Folks, we told you this was coming, and today the mask is fully off.

A couple weeks back we reported, based on solid sources, that Coinbase was quietly lobbying to kill a real de minimis tax exemption for Bitcoin while pushing one that applied only to stablecoins like USDC. We laid out the clear incentives in our deep dive. Coinbase made 1.35 billion dollars in stablecoin revenue last year, up 48 percent year over year, almost entirely from yield on the Treasuries backing USDC.

A proper Bitcoin de minimis would let people spend sats on everyday purchases without triggering taxable events on every transaction. That directly competes with their centralized yield machine. We called it what it was. Policy that protects Coinbase’s float rather than advancing neutral Bitcoin adoption.

Brian Armstrong pushed back hard. He called our reporting totally false and misinformation while insisting he was personally lobbying for Bitcoin de minimis. Some accused us of lying or spreading rumors. We stood firm. We offered to have Brian on the TFTC podcast to clear the air. We waited.

Now the latest draft from Reps. Horsford and Max Miller on the updated PARITY Act framework has dropped. It confirms exactly what we warned about. It gives a de minimis exemption to stablecoins but leaves Bitcoin out entirely. It keeps the punishing double taxation on Bitcoin mining fully intact while carving out relief for passive validation, basically staking. This is not an oversight or sloppy drafting. It abandons any pretense of technology neutrality and deliberately picks winners. Dollar-pegged stables and staking get the breaks, while actual Bitcoin usage as money and Proof-of-Work mining get kneecapped.

Without de minimis for Bitcoin, every small Lightning payment or sat transaction still forces cost-basis tracking and IRS headaches. Paying your plumber in sats or grabbing lunch with Bitcoin remains a taxable event. Stablecoins, being pegged and low-volatility, get an exemption they barely need. The real beneficiary is protecting that massive USDC reserve float and the yield it generates.

Meanwhile, American Bitcoin miners, already operating in one of the toughest, most capital- and energy-intensive industries, face continued double taxation while staking gets a pass. That is not neutral policy. It is industrial policy against domestic Bitcoin mining at a time when we should be leaning into energy abundance and securing the hardest monetary network.

The Bitcoin Policy Institute is releasing a full statement soon, and we fully back the call for strong community pushback. Every Bitcoiner needs to contact their reps and make it politically radioactive to sideline Bitcoin while handing carve-outs to stables and staking. This language slows real adoption, entrenches custodians, and weakens American Bitcoin infrastructure.

We weren’t lying. Our sources weren’t lying. The draft proves the reporting was on target. Those who rushed to call it misinformation owe the community some honest reflection.

Brian, if you’re still open to that conversation, the invitation stands. Come on the podcast. No spin, just walk us through how this draft lines up with your stated support for Bitcoin de minimis. The mic is warm.

This fight isn’t over. Bitcoin doesn’t need permission, but bad policy can delay sovereign adoption and punish the miners securing the network. We’re here to protect the protocol and the right of individuals to use sound money without turning every transaction into a compliance nightmare.

Stay sovereign. Stack sats. Use Bitcoin as money anyway. Call your reps today.

[Conner Brown @BitcoinConner]

Even more concerning news today on the Bitcoin tax front. We’re going to need the Cyber Hornets for this one. 👇

Today’s new draft **leaves the double taxation on bitcoin mining in place** and only provides relief to staking.

So now the proposal is:

- De minimis for stablecoins but not Bitcoin

- Fixing tax treatment for “passive validation” (I.e. staking) but not Bitcoin mining

This contradicts all prior proposals on this issue. This is not tech neutral and picks winners and losers for no reason.

Full statement from BPI coming soon about @RepHorsford and @RepMaxMiller’s draft.

We need strong community push back to show that this language sets America and Bitcoin back.

[burn the bridge @econoalchemist]

🚨 PSA: a scammer has taken control of the https://t.co/hUrYquHLko domain. Do not be fooled into downloading malicious software.

How ironic that the FBI seizes control over the domain only for it to fall into the hands of actual criminals.

[Sensei Johnny Lawrence @JohnnyLCKai]

There’s really only one option for 2028 for president..do you want to Make America Badass Again? #MABA 🇺🇸🍺

[Marty Bent @MartyBent]

Hearing that despite all the efforts and lobbying for bitcoin de minimis tax exemption, it’s none other than @coinbase trying to nuke it behind the scenes to push stablecoins only.

Apparently they are telling legislators that, “No one is using bitcoin as money. A de-minimis exemption for bitcoin is a hand out that will be DOA.”

[Fidelity Digital Assets @DigitalAssets]

Bitcoin has officially passed 20M tokens mined. With fewer than 1M new BTC left to be mined, it’s estimated that the last token will be mined around 2140.

Get in touch to learn how institutions are evaluating bitcoin’s potential role within portfolios: https://t.co/J7HhNAmKqN