saveourwallets

We either fight for our wallets now, or we accept defeat and a future of custodial rugpulls.

[Presidio Bitcoin @PresidioBitcoin]

In the latest 21 in 21, @KyleOlney breaks down @saveourwalets , the Clarity Act, and BRCA—and how you can help defend bitcoin’s right to self-custody.

[L0la L33tz @L0laL33tz]

Democrats want the Treasury to decide what code you are allowed to develop, run, and deploy, crushing an entire industry in the process.

The most pressing question seems to be: what would be left of the First Amendment if the Democrats got their way?

According to a leaked proposal, Democrats argue that the Treasury should be granted authority to decide what non-custodial software is legal in the US, and what software isn’t.

Non-custodial services should not just be subject to KYC and Sanction regulations, but the Treasury should be allowed to place any non-custodial service on a designated blacklist, effectively deciding what software US Americans are allowed to interact with.

In an open letter, BPI’s @zackbshapiro gets to the heart of the issue: the Democrats effectively want to tell "every developer and entrepreneur that building true peer-to-peer infrastructure is off limits."

These are very similar arguments recently made in @rstormsf's motion for acquittal: at trial, the Government effectively argued that Storm should have built an entirely different software to avoid criminal charges – one that is able to identify users and stop illicit activity from taking place.

As Shapiro writes, “code is speech,” and “publishing software is not a crime.” At least for now.

[Neeraj K. Agrawal @NeerajKA]

If you care about privacy season (and self custody) then you should follow @saveourwalets https://t.co/NIGQ3EjPLn

[Bayman11771 @Bayman11771]

What do these two rooms have in common? And why should you care?

Both of these committees are debating your right to self custody your #Bitcoin and whether software developers deserve the right to build tools without fear of reprisal.

So if these freedoms are important to you, you should care enough to contact your Senators and Representative to let them know you support the Blockchain Regulatory Certainty Act provisions in market structure legislation.

Not sure who to call? Check out https://t.co/Kz5GPVPArl.

[Bitcoin Policy Institute @bitcoinpolicy]

🚨Self-sovereign Bitcoin use is under threat — but there’s still hope!

@bitcoinpolicy, @CoinCenter, @SaveOurWallets & others are launching a decentralized campaign to mobilize Bitcoiners and urge Congress to defend peer-to-peer, non-custodial software rights.

Learn more below.

[Peter Van Valkenburgh @valkenburgh]

It's Happening!

[OBJ @owenbjennings]

bitcoin was built to be used: open, decentralized, resilient.

current tax rules make buying a coffee a taxable event.

we wrote a little something - it’s time to make bitcoin everyday money.

https://t.co/tjy0v2ZYKK

[saveourwallets @saveourwalets]

The CLARITY Act (HR 3633) passes with 216-0 republican votes and 78-134 democratic votes (currently)!

The first step towards protecting developers and your right to use good wallets is complete. Next up, the senate!

[Stand With Crypto🛡️ @standwithcrypto]

U.S. House Votes on GENIUS and CLARITY Acts https://t.co/MqRTyls0oi

[saveourwallets @saveourwalets]

While the BRCA and Section 110 of the Clarity act may be critical, unlocking the ability to actually pay without always filing cap gains on $10 would be a huge win.

Y’all know what to do - make the calls.

[Alexander Grieve @AlexanderGrieve]

🚨Today the Senate votes on Big Beautiful Bill. @SenLummis has an amendment that would unlock huge growth for US crypto (de minimis, staking/mining tax timing, mark to market etc)

Call Sen Finance Chair @MikeCrapo 202 224-6142 & @LeaderJohnThune 202-224-2321 w/ your support!

[Erik @eriklocalhost]

Pushed some updates to @saveourwalets to reflect the new direction of the bill.

We need your help supporting Section 110 of the CLARITY Act, which largely preserves the original intent of the BCRA.

https://t.co/cDd5JOX0kN

[saveourwallets @saveourwalets]

Hell yea!

Time to make floor space for the CLARITY Act (including Section 110, which protects your rights to use any wallet you want!) and then it’s on to the senate.

Keep up the pressure y’all!

[Tom Emmer @GOPMajorityWhip]

In a nonpartisan vote, the @FinancialCmte passed the CLARITY Act, and it is now heading to the House Floor!

This legislation will unlock opportunities for millions of Americans and provide innovators with the certainty they need to build without fear.

I was proud to cosponsor this legislation and am grateful to my colleagues @RepFrenchHill and @RepBryanSteil for their leadership.

[The Progressive Bitcoiner @TPB_Inc]

Action on Bitcoin rights at the executive order or regulatory level are only one small step that can be undone with a change of administration quite easily.

Bipartisan legislation in Congress is much more robust and long term. This is more important than ever!

[Coin Center @coincenter]

Update on the Blockchain Regulatory Certainty Act:

A joint statement with @bitcoinpolicy @blockchainassn @coincenter @crypto_council @DigitalChamber @fund_defi @jump_ @paradigm @SolanaInstitute @Uniswap

[saveourwallets @saveourwalets]

Yes! We’ll get the website updated ASAP but we need to pressure Congress now more than ever, but now the request is “pass the CLARITY Act with section 110 in the Finance Committee version untouched” (the Agriculture committee has their own version of the bill without this)!

[SmolMaxi #FreeSamourai @SmolMaxi]

@TheBlueMatt @peterktodd Just to abundantly clear https://t.co/QYM9V7veqw is still saying “SUPPORT THE BLOCKCHAIN REGULATORY CERTAINTY ACT”

But we should be asking for supporting the CLARITY Act now instead?

[Zack Shapiro @zackbshapiro]

No protections for non-custodial tools or devs in the @HouseAgGOP version of the market structure bill like their is in the @FinancialCmte version.

🚨🚨🚨 Please call your representatives in Congress to tell them how important this issue is, and to ask them to support the @FinancialCmte version 🚨🚨🚨

[Peter Van Valkenburgh @valkenburgh]

🥳 New text of CLARITY Act in the House includes clarity for non-custodial devs on the question of unlicensed money transmission. Codifies the 2019 FinCEN guidance! Thank you to @RepFrenchHill, @RepBryanSteil, and of course BRCA original sponsors @GOPMajorityWhip and @RepRitchie!

[Zack Shapiro @zackbshapiro]

Ladies and gentlemen, may I please direct your attention to:

Section 110: TREATMENT OF CERTAIN NON-CONTROLLING BLOCKCHAIN DEVELOPERS.

"Notwithstanding applicable law, a non-controlling blockchain developer or provider of a blockchain service shall not be treated as a money transmitter or as engaged in ‘‘money transmitting’’ or, following the date of enactment of this Act, be otherwise subject to any new registration requirement that is substantially similar to the requirement that currently applies to money transmitters, solely on the basis of—

(1) creating or publishing software to facilitate the creation of, or provision of maintenance services to, a blockchain or blockchain service;

(2) providing hardware or software to facilitate a customer’s own custody or safekeeping of the customer’s digital assets; or

(3) providing infrastructure support to maintain a blockchain service."

[Matt Corallo 🟠 @TheBlueMatt]

Huge news in the fight to protect noncustodial wallets and wallet devs in the US!

Section 110 of the amended CLARITY Act now has much of the text of the Blockchain Regulatory Certainty Act (with some improvements, even!)!

Context below.

One of the biggest challenges with getting any bill through the senate and the house is that they have very limited floor time to actually vote on bills. Wasting it on something narrow is pretty rare, so instead you see omnibus bills go through that cover lots of ground.

The CLARITY Act is the famed “market structure” bill that is one of the administration’s priorities in the space. It’s mostly about treatment of securities vs commodities, but it now includes critical language for Bitcoin (and all cryptocurrency L2s)!

So…call you congressperson! But this time instead of asking for the BRCA, ask for the CLARITY Act (as currently amended)!

[saveourwallets @saveourwalets]

This is huge!

A modified version of the Blockchain Regulatory Certainty Act was just included in the house’s version of the crypto market structure bill (the CLARITY act)!

This increases the chance we get BRCA language time on the floor of the house, and, ultimately, passed!

[Eleanor Terrett @EleanorTerrett]

Full text here:

https://t.co/i9GgWdr5CW

[Patrick Schnitter @schnitterp]

@titcoinpodcast @saveourwalets @TheBlueMatt @WalkerAmerica Ask not what bitcoin can do for you - ask what you can do for Bitcoin.

Call your representatives.