NEW INSANE CRYPTO TAX PASSED BY ILLINOIS GOVERNOR & SECRETLY BACKED BY ELIZABETH WARREN!
June 18, 2026
AI Summary
5 min readIn a move that has sent shockwaves through the crypto community, Illinois Governor JB Pritzker signed a 0.2% tax on digital asset transactions into law, including transfers between personal wallets. The tax was quietly slipped into the state budget at the last minute, making Illinois the first state to single out crypto for different tax treatment than any other asset class. The Crypto Council for Innovation has called it "the most punitive digital asset tax in the country."
Host Tony Edward argues the tax didn't come from Pritzker alone. He connects the governor to Senator Elizabeth Warren, noting that Warren and Pritzker campaigned together in Chicago to support Lieutenant Governor Juliana Stratton against a crypto-funded opponent in a recent primary election. Warren praised Pritzker as "a rare billionaire who fights from the heart." Edward sees this as a "smoking gun," claiming Warren seeded the idea on behalf of big banking incumbents. Coinbase CEO Brian Armstrong publicly condemned the law as "remarkably bad," warning it will "kill jobs and push innovation out of the state." He noted that Coinbase has over 1.5 million customers in Illinois. Edward predicts the state will panic and roll back the tax as businesses and revenue leave.
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What you'll learn
- 1 (01:03) **Show Introduction & Bitcoin Market Analysis** - Host Tony Edward opens the episode and provides a technical analysis of Bitcoin's price action, highlighting bullish signals.
- 2 (03:49) **Illinois Passes Draconian 0.2% Crypto Transaction Tax** - Governor JB Pritzker signed a budget that includes a 0.2% tax on crypto transactions, including transfers between personal wallets, making it the first state to single out crypto for different tax treatment.
- 3 (04:42) **Host Links Illinois Tax to Elizabeth Warren's Anti-Crypto Agenda** - The host investigates Governor Pritzker's connections and finds a direct link to Senator Elizabeth Warren, accusing her of seeding the idea.
- 4 (06:38) **Crypto Industry Reacts & Political Consequences** - Key figures like Coinbase CEO Brian Armstrong criticize the law, and a crypto-backed PAC wins a primary in Alabama, signaling political pushback.
- 5 (10:58) **Fidelity Joins Wall Street Race to Manage Stablecoin Reserves** - Following State Street and BlackRock, Fidelity launches a money market fund designed for stablecoin issuers to comply with the new Genius Act.
- 6 (13:38) **FIFA Uses Avalanche Blockchain to Curb World Cup Ticket Scalping** - FIFA is using a custom Avalanche Layer 1 blockchain to power a new ticketing model for the 2026 World Cup, addressing bots and fraud.
- 7 (16:06) **Moody's Rolls Out Credit Ratings on Solana** - Moody's Ratings is deploying its token integration engine on the Solana blockchain, allowing credit ratings to be embedded directly into tokenized bonds and securities.
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Guests on this episode
Show Notes
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⏰ Time Stamps ⏰
00:00 Intro
00:24 Bitcoin analysis
02:50 Illinois Crypto Tax
09:59 Fidelity stablecoin reserves
11:41 FIFA Ticketing Avalanche Avax
14:08 Moody's Solana Tokenization
16:05 Stablecoin infrastructure firm $32 million =================================================
#Crypto #Tax #Bitcoin #CryptoNews #Cryptocurrency #BTC #BitcoinNews #ETF #News #Ripple #XRP #XRPNews #RippleXRP #Ethereum #EthereumNews #ETH #Solana #money #
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