Greetings from TNBTC!

Since our kickoff this summer, which many of you attended, we’ve been working hard behind the scenes on several initiatives. One of them is continuous communication with our supporters. Take a look at our first monthly newsletter below and tell us what you like and what you want to see more of.

📡 Events

Node Caucus on Capitol Hill

Our first Node Caucus event was held at the Capitol in Nashville. This was an opportunity for lawmakers and policy professionals learn about the role bitcoin plays in a strong state economy. The meeting set the stage for the upcoming 115th General Assembly where a bitcoin-focused bill is expected to be introduced. Stay tuned for details.

☕ News

Square Launches Bitcoin Payments

Bitcoin continues on a path of mainstream adoption.

Jack Dorsey’s Square Inc., rolled out Square Bitcoin, a program that enables merchants to accept bitcoin payments. Now, over 4 million merchants are able to accept bitcoin payments through the point-of-sale system with no processing fees. The normalization of bitcoin as a medium of exchange continues, and adoption will further increase if Congress can pass a Crypto Tax bill that implements a de minimus threshold for bitcoin transactions.

EU Bans Certain Cash Payments and Imposes ID Rule for Bitcoin Transactions

Governments recognize that bitcoin = sovereignty.

Beginning in July 2027, the European Union will impose strict cash transaction limits for businesses, prohibiting payments exceeding €10,000 and requiring identity verification for amounts over €3,000. Under the Markets in Crypto-Assets (MiCA) framework, all bitcoin transactions will require customer ID verification and activity reporting. The European Central Bank is targeting a potential launch of the digital euro between 2029 and 2030. Bitcoin represents a threat to all central bank digital currencies, which are simply digital fiat, but give governments greater control over money.

Bitcoin-Backed Mortgages Move Closer to Reality

Bitcoin is a legitimate financial asset in a broken system.

The White House recently proposed the idea of 50-year mortgages to help combat the housing problem, a solution that lowers monthly payments but drastically increases lifetime loan amounts. As an alternative, bitcoin-backed lending is gaining traction for mortgages. Federal Housing Finance Agency director Bill Pulte directed mortgage providers Fannie Mae and Freddie Mac to develop frameworks for assessing cryptocurrency holdings as an asset when calculating mortgage risk assessments — putting bitcoin holders one step closer to the possibility of using their holdings for bitcoin-backed mortgages.

Texas Fund Its Bitcoin Strategic Reserve

State adoption of bitcoin is leading federal adoption.

In June 2025, Texas became the first U.S. state to create and fund a Strategic Bitcoin Reserve (BSR), allocating $10 million in public funds to buy and hold bitcoin as an inflation hedge. On November 20, 2025 they became the first state to actually purchase bitcoin with a ~$5 million position in BlackRock’s IBIT Bitcoin ETF.

Bank of America Recommends a 4% “Crypto” Portfolio Allocation For Wealth Management

Banks say “yes” to the world’s best performing asset.

Chris Hyzy, chief investment officer at Bank of America Private Bank, said that investors should start thinking about adding digital assets to their portfolio: "For investors with a strong interest in thematic innovation and comfort with elevated volatility, a modest allocation of 1% to 4% in digital assets could be appropriate.” Beginning in January, Bank of America will offer four bitcoin ETFs: Bitwise Bitcoin ETF (BITB); Fidelity's Wise Origin Bitcoin Fund (FBTC); Grayscale's Bitcoin Mini Trust (BTC); and BlackRock's iShares Bitcoin Trust (IBIT). Adoption of bitcoin is inevitable in a troubled financial system.

Like what you see?

Our volunteers run on coffee, hot chicken, and the occasional scotch, but TNBTC itself runs on donations. If we’re providing you value, we ask you consider throwing something in the tip jar. Even small amounts help keep the lights on!

📜 The Bitcoin List

"A journey of a thousand miles begins with a single step." — Lao Tzu

If you're reading this newsletter, you have some interest in bitcoin, even if it's just a passing curiosity. We’re here to help you in that journey by providing a list of achievable steps you can take towards financial freedom.

This Month’s Mission, Should You Choose to Accept It:

Read the Bitcoin White Paper. It’s only nine pages. Some parts are technical, but skimming through it will give you a foundation of important knowledge. Published in 2008 by the pseudonymous Satoshi Nakamoto, this document is historically significant – it started the bitcoin revolution and it will be remembered for centuries, like the Magna Carta, the Ninety-Five Theses, and the Declaration of Independence.

Follow us on X

Want to keep up with all we do? Give us a follow at @TennesseeBTC.

We wish you good health and a happy holiday season with your family. We look forward to seeing you in the new year.

Donations are rocket fuel! 🚀

Donations run everything we do, like developing the upcoming Tennessee Strategic Bitcoin Reserve bill. Want Tennessee to move faster into a bitcoin fueled future? Send some holiday love our way. We thank you in advance for your support!

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