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⌐◪-◪ → The BITCOIN Act is back

Senator Cynthia Lummis just reintroduced the BITCOIN Act, reaffirming the U.S. plan to acquire 1 million BTC over five years with a 20-year minimum hold.

For context, the bill was originally introduced in July 2024, directing the government to buy 200K BTC annually over five years. The reintroduced version stays largely the same, but adds a formal process for handling Bitcoin forked assets and airdrops, ensuring that only the most valuable assets (by market cap) are retained after a five-year period.

The bill also has new co-sponsors, including Jim Justice (R-WV), Tommy Tuberville (R-AL), Roger Marshall (R-KS), Marsha Blackburn (R-TN), and Bernie Moreno (R-OH), signaling growing political support.

Oh, and Michael Saylor’s presentation at the event is already being called one of the best presentations on Bitcoin ever.

Zooming out — there aren’t any major changes here. Seems like they are just resetting the stage to build momentum and ensure everything is in alignment with Trump’s recent executive order to create a Strategic Bitcoin Reserve. So while there were some small adjustments, the big shift is really political context.

⌐◪-◪ → Congress is in crypto’s corner

The U.S. House of Representatives just voted 292-132 to overturn the DeFi broker rule proposed by the IRS under Biden’s administration—a huge win for crypto.

For context, this rule would have forced DeFi projects to collect and report information that would have been impossible to comply with, stifling innovation. Even some Democrats saw the problem, with 76 breaking ranks to vote in favor of overturning the rule.

The Senate already passed this resolution once, but it needs to do so again before it reaches Trump’s desk. Unlike Biden, who vetoed it last time, Trump is expected to sign it.

Crypto’s future in America has never looked brighter.

⌐◪-◪ → Taproot Wizards are finally minting

The long-awaited Taproot Wizards mint is finally happening, here are the key details:

• Mint date: March 19

• Supply: 2,121

• Mint price: 0.2 BTC

The only ways to mint are by: holding a pair of Dead + Alive Quantum Cats, being a top supporter, or Dutch auction.

If it sells out, it would be the biggest Ordinals mint ever at $35M in gross sales—putting it among the top PFP collections in terms of mint revenue since the NFT boom of 2021-2022. For reference (shoutout to wale.moca for this data):

• Mutant Apes raised $91M

• Moonbirds raised $60M

• Azuki Elementals raised $38M

• WoW Galaxy raised $34M

While this is bullish, there’s also a lot that could go wrong. Be honest—aside from a few wild parties at conferences—how often do you think about Moonbirds, Azuki, or WoW these days? Hype fades fast.

That’s why I lean toward the communities with no expectations, where the only “thing” you own is the art and access to the community—like Punks, Dickbutts, and Toadz.

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