Missouri May Remove Taxes On Bitcoin Spending
All Eyes On Missouri's Governor As HB594 Awaits His Signature
A new bill that recently passed through Missouri’s Senate and House of Representatives would eliminate capital gains taxes at both the state and federal level for Missourians.
The bill is currently on the desk of Governor Mike Kehoe, awaiting his signature.
If the bill is enacted into law, Missourians can spend their bitcoin without incurring a capital tax for spending their bitcoin, which would make the state a more attractive jurisdiction for U.S. citizens looking to live on a bitcoin standard.
I wrote about this for Bitcoin Magazine this week:
My Interviews With The Contributors To The Satoshi Papers
In last week’s edition of the newsletter, I included a link to my interview with Dr. Natalie Smolenski, editor-in-chief of The Satoshi Papers: Reflections on Political Economy after Bitcoin.
This week, I proudly present a compilation of highlights from my interviews with six of the book’s contributors.
I really enjoyed having these conversations, and I’m pumped about the great work the video team at Bitcoin Magazine did in putting this video together!
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Be a gigabrain, like the interviewees in the video above, and move the bitcoin you have sitting on exchanges into self custody with a Trezor device.
The Defense In The Samourai Case Pushes Back
Last week, I covered how the prosecution in the Samourai Wallet case argued that they did not violate the Brady rule (withhold exculpatory evidence).
This week, the Samourai defense pushed back, making the case that the prosecution did, in fact, violate Brady, and called for a hearing on the matter.
Nostr In 2025 Is Like Bitcoin In 2012
I’m a big fan of Nostr, which I’ve written about in previous editions of this newsletter.
In my opinion, getting involved with Nostr now is like getting into Bitcoin in 2012, especially if you’re a content creator looking to monetize.
Vitor Pamplona, creator of Nostr app Amethyst, agrees with me.
We discussed this and more at MIT a few weeks back:
Markets
As I predicted last week, bitcoin pulled back a bit this week, though, the pullback was not quite as deep as I thought it would be.
I wouldn’t be surprised to see a deeper pullback this week, but it isn’t a guarantee that this will happen. In fact, bitcoin looks like it’s getting ready for another leg up.
Still, IMO, making big bitcoin purchases just 3% off of its all-time high isn’t the best idea if you’re proactively investing in bitcoin, but that’s just me thinking out loud.
Do with that information what you will, but please remember that I’m not a financial advisor and nothing in this newsletter is financial advice.
Alright, this beautiful New York City day is calling me to step away from my laptop and to touch grass.
Big love and big hugs to everyone, and here’s to a fantastic week ahead!
Best,
Frank
Nostr: npub1dnzzyhmewrzkh862z7z2shwmhh5htx0rvkagepj2fkgst9ptwg3qj4x52h
