KanerCoin

Crypto Curious

[KanerCoin @KanerCoin]

@Jason Why quit and why not embrace it to design more?

[Chicago White Sox @whitesox]

REPOST for a chance to win an autographed Miguel Vargas baseball.

[KanerCoin @KanerCoin]

@SportsCardInv Too many variations to track lol

[KanerCoin @KanerCoin]

@itsbaseballkid Awesome card

[Mike Bales 🫡🇺🇸 @MikeBales]

LMAO 🥵🤣

[KanerCoin @KanerCoin]

@antibearthesis Like a cockroach

[KanerCoin @KanerCoin]

@Chicago_History Yes

[KanerCoin @KanerCoin]

Want

[Topps @Topps]

FIRST LOOK: Munetaka Murakami Rookie Patch Autograph in Topps Finest Baseball

[KanerCoin @KanerCoin]

@omooretweets It is slack

[KanerCoin @KanerCoin]

What a game

[White Sox on CHSN @CHSN_WhiteSox]

22 runs is the most in White Sox history since 1970 🤯

[KanerCoin @KanerCoin]

@oasishealthapp This doesn’t make sense.

[KanerCoin @KanerCoin]

@morganlinton How long do you think that will last?

[KanerCoin @KanerCoin]

@theinformation Until the open source models catch up…and then the prices will drop.

[Crypto Tax Girl @CryptoTaxGirl]

Illinois has created a toll on a road it didn't build and doesn't maintain. The state's new 0.2% Digital Asset Privilege Tax appears to be the most punitive of its kind in the country and was quietly slipped into a budget bill with no public economic study, no stakeholder engagement, and no comparable precedent in traditional finance I could find.

Stocks, bonds, and derivatives face nothing like it. I am unsure what analysis was done to justify 0.2% was the right number other than it appears to be a plug number for a reverse-engineered $800 million revenue target.

Illinois could see developers relocating, exchanges routing around the state, and the blockchain innovation ecosystem that Illinois could have cultivated growing in other states. You don't build a digital economy by taxing the infrastructure layer. Illinois just put a tollbooth on the internet.

[KanerCoin @KanerCoin]

@DreamDividend e) all of the above

[Brian Armstrong @brian_armstrong]

This Illinois law is remarkably bad - it will end up hurting the state, kill jobs and push innovation out of the state.

Coinbase has 1,517,628 customers (aka voters!) in Illinois.

If you think this is bad policy, sign up at @standwithcrypto and let your representatives know

[KanerCoin @KanerCoin]

@senatorshoshana @AllTrails Lol we won’t have access to any apps anymore.

[Barry Butler Photography @barrybutler9]

Beauty Before the Storm. Wednesday morning's sunrise in Chicago. #weather #chicago #ilwx #news

[KanerCoin @KanerCoin]

@AutismCapital He is a 🧙‍♂️🪄

[KanerCoin @KanerCoin]

WTF @GovPritzker

[miles jennings @milesjennings]

This is one of the most anti-crypto laws in the U.S.

It taxes the exchange, transfer, or storage of digital assets—you buy BTC, you pay a tax; you hold your BTC on Coinbase, you pay a tax; and so on.

There is effectively no comparable state financial transaction tax on stocks, bonds, or derivatives anywhere in the country. That means crypto is being singled out in violation of several federal laws.

Further, the approach makes little sense—you aren’t taxed if you exchange a stock, bond, or derivative in paper form, but you are taxed if they happen to be recorded on a blockchain? That’s like taxing email.

So, rather than embracing innovation and the cost efficiencies blockchains can deliver for ordinary people in Illinois, the state is poised to punish its entrepreneurs and citizens that want to use crypto.

This is a shame—it was only just recently that Illinois embraced a constructive approach to blockchain technology through the adoption of the effectively-scoped Digital Assets and Consumer Protection Act. This new tax is a complete 180.

When states adopt discriminatory, asset-specific taxes that drive builders and users elsewhere, we all lose.