Why Tax Digital Asset Transactions but Not Stocks? Meet the Uniformity Clause
The strongest legal argument against Illinois’s new digital asset tax isn’t loud, and it isn’t technical. It comes down to one question: compared to what? https://ilbtccouncil.substack.com/p/why-tax-digital-asset-transactions

They Tax You for Moving Money From Your Own Right Pocket to Your Left

A tax that triggers when nothing happens — no sale, no gain, just your own coins moving between your own accounts. The broker remits it; the cost quietly lands on you anyway.

https://ilbtccouncil.substack.com/p/they-tax-you-for-moving-money-from

Grateful to @NICO⚡️ & @Optimist Fields for having us on @Simply Bitcoin today to discuss the #ILDigitalAssetTax https://www.youtube.com/live/b-n7QdvHlWE?t=2971&is=xJA8YKfkt93oeH3K

Illinois just became the first state to tax digital asset transactions... and most people here have no idea it passed.

It takes effect Jan 1, 2027, but the rules aren't written yet. That's the window to shape them.

Here's what the law actually does 👇
https://illinoisbitcoincouncil.org/il-digital-asset-tax

First in the Nation... For All the Wrong Reasons
Illinois just made itself the most punitive state in America for Bitcoin. Here’s what the new law actually does, why it backfires, and how we fight back.
https://ilbtccouncil.substack.com/p/first-in-the-nation-for-all-the-wrong?r=806xk9&utm_campaign=post&utm_medium=web&triedRedirect=true

TLDR: #Illinois 0.2% Tax

-Rate: 0.2%: on broker/business activity for IL customers. NOT on owning crypto. NOT on gains.
-Who collects it: exchanges, custodians, wallet/transfer providers ("brokers"). Out-of-state brokers pulled in at $100K IL receipts.
-Penalty: Class 3 felony for unregistered/noncompliant brokers (+ corpofficers/agents) — 2–5 yrs, up to $25K.
-Revenue: ~$60M/yr from crypto. Budget is $56B. → ~0.1% of the budget.
-First in the nation. No other state taxes digital assets this way.

I was honored to discuss the new Illinois Bitcoin Tax with Blockspace Media today... https://www.youtube.com/live/qSUAnjYH4Sg?t=1232s

I was honored to discuss the new Illinois Bitcoin Tax with Blockstream Media today...
https://www.youtube.com/live/qSUAnjYH4Sg?si=dQteJY7kTU8AEUCe&t=1232

Jeff Hilsenbeck & I had the honor to go on The Bitcoin Libertarian podcast. We discussed:

-ILLINOIS BITCOIN COUNCIL
-CHALLENGES ON BITCOIN ADVOCACY
-THE SLOW PATH TO ADOPTION

Check it out! https://www.youtube.com/watch?v=3g1aIiLpjxQ