Illinois Crypto Tax Act
"Crypto holders need to sound the alarm. This is called the Digital Asset Tax Act SB 3019. Let everybody you know get out of Illinois or contact your senator, governor. It's already signed into law. It's happening, but we cannot let this precedent stand for the rest of the country."
ℹ️ In shortIllinois has signed a crypto transaction tax into law, and the speaker urges crypto holders to act to prevent this precedent from spreading nationwide.
This prediction is awaiting verification.
Details
Content on this platform is for informational and educational purposes only and does not constitute investment, financial, legal, medical or tax advice. Do not make financial or life decisions based solely on this content. Always consult a licensed professional.
Full disclaimer… Maybe it goes up to 1%. It's like if you were to your your property, your car, if you move your car to your garage, to the other side of the house, that's taxed 0.2%. If you have a bar of gold in a safe, your property, maybe use it as an investment, you move it from your safe to the other safe in your house, they charge you 0.2%. It's like that. Crypto holders need to sound the alarm. This is called the Digital Asset Tax Act SB 3019. Let everybody you know get out of Illinois or contact your senator, governor. It's already signed into law. It's happening, but we cannot let this precedent stand for the rest of the country. Crypto ownership, it's a technology. It's like the internet, a little owning a little piece of the internet. We will not let this stand. Follow for more. I'll be watching. …
Related claims by Altcoin Daily
Bitcoin Integration into Finance
The goal is for 5-10% of global credit and 5-30% of money markets to flow into Bitcoin-backed credit instruments and digital money.
Ethereum and Solana: Tokenization Winners
Altcoin Daily predicts Ethereum and Solana will be the main beneficiaries as tokenization and stablecoin adoption increase.
SpaceX Uses Bitcoin as Hedge
SpaceX holds 18,000 Bitcoins, about 6% of its corporate treasury, using it as a hedge against dollar debasement and inflation.
SpaceX Invests in Bitcoin
Instead of buying SpaceX stock, it is recommended to invest in what SpaceX is buying, which is Bitcoin, as the company holds over 18,000 Bitcoins.