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Episode Summary
A weekly news show informing you on the latest in Bitcoin, privacy and open source tech, hosted by Ungovernables, Max and Q.AOBQ: short weekend trip to LisbonQ: Envoy v2.3.4 out -- stability and maintenance release; faster Bluetooth firmware updates for Passport Prime, bug fixes and further Tor connectivity improvementsQ: Legacy Mode beta for Passport Prime -- optional app porting Ledger's open-source device applications to KeyOS so users can manage alt coin holdings on open-source hardware; not installed by default, device stays Bitcoin-only if ignoredMax: bought a Stanley flask and a robot vacuum and mop combo NEWSCLARITY Act dies in the US Senate 49-50, eleven votes short of the 60 needed for cloture; every Democrat who voted said no, joined by Republicans Collins, Hawley and Moran; the final text dropped the explicit criminal protection for non-custodial developers against 18 USC 1960 charges -- the same law used against the Samourai and Tornado Cash developers -- keeping only civil protections; Senator Lummis warned failure leaves no realistic chance this decade; the SEC and CFTC immediately signalled unilateral rulemaking -- CoinDesk, Newsweek, TFTC, The Rage, TFTC, Coin CenterTwo days after the CLARITY Act failed, the CFTC sent a pre-rule rulemaking titled "Regulation Crypto Asset Transactions and Regulation Crypto Asset Markets" to the White House for review; contents are not public but expected to create a path for crypto spot exchanges to operate under CFTC oversight; prepared in advance and filed immediately once Congress failed to act -- PYMNTS, CoinDesk, The DefiantCFTC Staff Letter 26-25 extends to all qualifying developers the no-action relief Phantom received in March; software that passes user orders to CFTC-registered futures firms without holding assets, generating signals or controlling routing does not need to register as an introducing broker; not law, can be withdrawn at any time, and does not protect wallet developers from DOJ money-transmission charges -- TFTC, CFTCThe FCA, HMRC and Metropolitan Police raided three London premises on September 10 targeting unregistered peer-to-peer crypto trading operations and issued cease-and-desist letters at all three; the FCA says not a single P2P crypto business is registered in the UK; the second coordinated enforcement action this year, following raids across eight locations in April which are now fe






