kitty

Finding my way.

[Block Club Chicago @BlockClubCHI]

20 Chicago pools are staying open through Labor Day to help combat "extreme heat." https://t.co/9Xv8y7fXiU

[Momentos Virales @momentoviral]

Los dieron por perdidos... hasta que ocurrió el milagro.

Después del devastador incendio, sus dueños pensaron que jamás volverían a verlos. Pero, contra todo pronóstico, los tres burritos aparecieron con vida entre las cenizas. 🫏❤️

[Tulsi Gabbard 🌺 @TulsiGabbard]

Fauci’s 'performance' today made me sick. Smug arrogance. Zero remorse. Zero accountability. He refused to answer a single question.
Sharing this again as a reminder: He used your tax dollars to fund the coronavirus lab research in Wuhan—and worked with the IC to cover it up. We deserve the truth and accountability.

[Sabine Hossenfelder @skdh]

Scientists have found evidence that quantum effects play a role for consciousness. And, no, it's not about microtubules.

[The Digital Chamber @DigitalChamber]

🧵1/ Today we filed suit in Sangamon County, IL, to stop the Digital Asset Tax Act. No one should be taxed differently because of how ownership of digital assets is recorded or transferred.

[Crypto Council for Innovation @crypto_council]

Illinois Governor Pritzker just signed the most punitive digital asset tax in the country into law.

This will create an unprecedented tax regime that disproportionately burdens Illinois residents for simply using digital assets and will drive innovation and builders out of the state.

Read CCI’s opposition letter for more.

[CoinDesk @CoinDesk]

POLICY: Crypto lobby group TDC sues Illinois to block a 0.2% tax on all digital asset transactions, signed into law last month by Governor Pritzker and set to take effect next year.

[Bitcoin News @BitcoinNewsCom]

ILLINOIS SUED OVER DIGITAL ASSET TAX ACT

The Digital Chamber has filed a lawsuit seeking to block Illinois’ Digital Asset Tax Act, arguing the measure unfairly taxes digital asset transactions based on how ownership is recorded or transferred.

The group says the provision was added to the state budget the night before the final vote without a public hearing or debate, applies regardless of whether investors realize gains, and could extend beyond crypto to certain AI and cloud-based transactions.

The tax is scheduled to take effect in January 2027.

[NewsTongue @NewsTongueX]

🔴 Digital Chamber sues Illinois over 0.2% crypto transaction tax

The Digital Chamber filed a complaint in Illinois circuit court Tuesday challenging a state law imposing a 0.2% tax on digital asset transactions, set to take effect January 2027. Governor JB Pritzker signed the Digital Asset Tax Act into law last month as part of FY2027 budget planning.
"Today we are asking the courts to protect consumers and our members and stop this unfair tax in Illinois," said TDC CEO Cody Carbone. "Taxes should be carefully considered, not only for the revenue they produce but for the fairness of those being taxed.

[Lorwen Harris Nagle, PhD @LORWEN108]

A Stanford psychiatrist says modern anxiety isn’t always caused by danger.

It’s caused by small habits that make your body feel threatened when nothing is wrong.

6 daily habits that quietly teach your nervous system to panic:

1/ Reaching for your phone the moment you feel uncomfortable.

[Milk Road Crypto @milkroaddaily]

Lyn Alden: "The best product Coca-Cola ever sold was their bonds, not their Coke."

Coca-Cola borrows at 2-3% while the money supply grows at 7%. They then use that cheap debt to buy scarcer assets.

Governments do it. Corporations do it. Wealthy individuals do it. Everyone is shorting the currency...

Except the people at the bottom.

They can't access cheap debt and "are getting the full damage of the inflation" on their wages and savings.

FT @LynAldenContact @PeterMcCormack.

[Autism Capital 🧩 @AutismCapital]

So you know this is a 0.2% tax on EVERY transaction you make. No matter what. Including transferring between wallets that YOU control. It’s also a 0.2% tax on ANY CRYPTO YOU HAVE. Not on gains. On ANY AMOUNT you have. Illinois has lost their fucking minds.

[DBCrypto @DBCrypt0]

I live in Illinois

My governor, who I sure as hell didn’t vote for, just signed a tax on every crypto transaction I make

The same Governor that has raised taxes 61x while Illinois has the highest property and state tax in the country

The Digital Asset Tax Act (DATA), buried inside a $56 billion budget bill was added last-minute too

0.2% on every exchange, transfer, or custody activity

Every
single
transaction

The tax hits transactions not gains so you could lose money on a trade and still owe these criminals

The Crypto Council for Innovation called it "the most punitive digital asset tax in the country" and they're right

No state in America taxes stock trades, bond trades, or derivatives this way. Zero.

This only applies to crypto in which these clowns understand zero about

Welcome to the most crypto hostile state in America💀

[Natalie Brunell ⚡️ @natbrunell]

First they fumbled the Bears.

Now Illinois is the first state in America to tax Bitcoin 0.2% on the value of transactions including transfers to personal wallets? Slipped into the budget at the last minute? This will head for a court fight.

Illinois keeps drifting toward the tax-everything, government-knows-best mindset that socialism is built on. This is just the newest step. Do better.

[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.

[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

[Bitcoin News @BitcoinNewsCom]

🚨 ILLINOIS ENACTS MOST AGGRESSIVE BITCOIN TAX IN THE 🇺🇸 US

Governor J.B. Pritzker has signed Illinois’ new Digital Asset Tax Act into law.

Starting January 1, 2027, Illinois will impose a 0.20% tax on the gross value of digital assets exchanged, transferred, or stored for customers.

In practice:

• Buy Bitcoin? Pay the tax.
• Transfer Bitcoin? Pay the tax.
• Store BTC with a custodian? Pay the tax.

Move $1 million through a bank wire, ACH transfer, brokerage account, or traditional custodian and Illinois takes nothing.

Move that same $1 million as a digital asset and the state takes $2,000.

The tax applies regardless of whether there is any profit, income, or capital gain. It is levied simply because a digital asset is being exchanged, transferred, or stored.

Critics argue this creates a first-of-its-kind regime that singles out blockchain-based activity while leaving analogous banking, brokerage, custody, and payment services untouched.

The law targets the service layer of the digital asset economy. While trading for one’s own account is excluded, businesses facilitating exchange, transfer, or custody for customers must collect and remit the tax, with customers ultimately liable if it is not collected.

The Crypto Council for Innovation warned that Illinois is becoming a national outlier by adopting a transaction-based tax on digital assets that has no comparable equivalent for stocks, bonds, derivatives, bank deposits, or traditional financial transactions anywhere else in the country.

Industry groups say the law is a powerful incentive for entrepreneurs, startups, and investment to leave Illinois for more competitive jurisdictions.

Perhaps most surprising is the timing. Illinois only recently adopted the Digital Assets and Consumer Protection Act (DACPA), a framework many viewed as a constructive approach to blockchain innovation. This new tax represents a sharp reversal.

The question now is whether other states follow Illinois’ lead, or whether this becomes a case study in how to drive an emerging industry elsewhere.

[DaVinci @BiancoDavinci]

This is Utah’s first wildlife overpass crossing avoiding danger with vehicles.

[Simon Dixon @SimonDixonTwitt]

More accurately, banks could operate as peer-to-peer lenders, custodians, or stablecoin issuers.

Full-reserve banking is possible.

It’s just not desirable to a protected Ponzi system.

Economics has been heavily influenced by banking interests for generations, and politicians are influenced by the same lobbying networks.

The issue isn’t whether it’s possible.

The issue is whether the financial-industrial complex wants it.

It doesn’t.

They locked in their control through the GENIUS Act so stablecoins can operate within a fractional-reserve framework.

And most cheered it on as they thought it would help their crypto bags.