Crypto News·
Illinois has approved a new 0.2% tax on crypto transactions that state officials estimate could generate up to $60 million annually, prompting public criticism from Strategy co-founder Michael Saylor and several industry groups. In a June 17 X post, Saylor…
Read full articleStrategy has returned to the spotlight after QCP estimated its current liquidity runway for dividend payments at about seven and a half months. According to market maker QCP, Strategy’s current liquidity position could support dividend payments for roughly seven and…
Critics say the measure effectively singles out digital assets for taxation based on technology rather than activity.
Michael Saylor has outlined a Bitcoin-backed digital asset stack that frames BTC as collateral beneath credit, yield and equity layers.
Critics say the Illinois transaction-level tax could deal severe consequences to the crypto industry and consumers in the state.
Illinois' new 0.2% digital asset tax takes effect January 2027, assessed on transaction value rather than gains, with self-custody treatment still unresolved.
Bitcoin circled $65,000 after downside BTC price pressure into the FOMC meeting as analysis warned over the impact of Strategy potentially selling more BTC in the future.
Strategy STRC Near Record Low, Bitcoin Buys Unsustainable The post Strategy’s STRC Nears Record Low as Bitcoin Buying Draws Fire appeared first on 99Bitcoins.
Illinois has signed a budget package containing a new digital asset broker transaction tax, drawing sharp criticism from crypto industry groups.
