Communists Are Stealing Your Bitcoin: The Illinois Transaction Tax Emergency Spaces
Bitcoin Well Podcast
- Published
- June 20, 2026
- Duration
- 1h 47m
- Summary source
- description
- Last updated
- Aug 4, 2026
Discusses society, culture.
Summary
Illinois quietly slipped a 20 basis point tax on all Bitcoin on-chain transactions into a bill overnight — no industry input, no debate, signed into law. Every Bitcoin transaction in the state: sending to yourself, to others, to an exchange, from an exchange. All taxed. Q hosts an emergency Spaces to break down what the law actually says, why it matters e…
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Show notes
Illinois quietly slipped a 20 basis point tax on all Bitcoin on-chain transactions into a bill overnight — no industry input, no debate, signed into law. Every Bitcoin transaction in the state: sending to yourself, to others, to an exchange, from an exchange. All taxed. Q hosts an emergency Spaces to break down what the law actually says, why it matters even if you're not in Illinois, and what the Bitcoin community's response should be. Speakers: Q (@q_liketheletter) — Bitcoin Well, host Ilya (@
Themes
- society
- culture