Illinois quietly slipped a 20 basis point tax on all Bitcoin on-chain transactions into a bill overnight β 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.
Q (@q_liketheletter) β Bitcoin Well, host
Ilya (@ilyaXindy) β CEO, Megawatthq
Jon Gordon (@thebitcoinyogi) β Co-founder, SOUND; Bitcoin and Nostr in healthcare
Tatum (@tatumturnup) β Terahash Tatum, Bitcoin mining
Reils (@BTCombs11) β Bitcoin Well OTC
Bitcoin News (@BitcoinNewsCom)
Andrew Tilmann (@AndrewTilmann) β President, Bitcoin Scholarship Foundation
Tim Niemeyer (@tim_niemeyer_) β President, Illinois Bitcoin Council; Author, HistEchoBTC
GMONEY (@GMONEYPEPE) β Bitcoin is Digital 1776
Midwest Bitcoin Summit (@MWBTCSummit) β Columbus, OH (Sept 23-24, 2026)
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IllinoisBitcoinTax #EmergencySpaces #BitcoinRegulation #BitcoinTax #ChicagoBitcoin
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