Episode
Communists Are Stealing Your Bitcoin: The Illinois Transaction Tax Emergency Spaces
- Podcast
- Bitcoin Well Podcast
- Published
- Jun 20, 2026
- Duration seconds
- 6456
- Processing state
not_requested- Canonical source
- https://fountain.fm/episode/ONKnHXkBY2R3DWx8Ilu4
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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 even if you're not in Illinois, and what the Bitcoin community's response should be. Speakers: Q (@q_liketheletter) — Bitcoin Well, host Ilya (@ilyaXindy) — CEO, Megawatthq Jon Gordon (@thebitcoinyogi) — Co-founder, SOUND; Bitcoin and Nostr in healthcare Tatum (@tatumturnup) — Terahash Tatum, Bitcoin mining Reils (@BTCombs11) — Bitcoin Well OTC Bitcoin News (@BitcoinNewsCom) Andrew Tilmann (@AndrewTilmann) — President, Bitcoin Scholarship Foundation Tim Niemeyer (@tim_niemeyer_) — President, Illinois Bitcoin Council; Author, HistEchoBTC GMONEY (@GMONEYPEPE) — Bitcoin is Digital 1776 Midwest Bitcoin Summit (@MWBTCSummit) — Columbus, OH (Sept 23-24, 2026) Buy Bitcoin the non-custodial way: https://bitcoinwell.com IllinoisBitcoinTax #EmergencySpaces #BitcoinRegulation #BitcoinTax #ChicagoBitcoin RESOURCES & LINKS: 🚀 Buy Bitcoin/Freedom: https://bitcoinwell.com 📧 Join the Mission (Newsletter): https://bitcoinwell.com/newsletter 📊 Take the Bitcoin Survey: https://bitcoinwell.com/survey 📈 Investor Relations: https://bitcoinwell.com/investors CONNECT WITH US: 🕊️ X (Twitter): https://twitter.com/thebitcoinwell 📸 Instagram: https://instagram.com/thebitcoinwell ⚡ Nostr: npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 ( https://bitcoinwell.com/nostr )