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

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