Illinois Senate committee approves regulation of virtual currency kiosks – Center Square

The Illinois Senate Executive Committee advanced legislation Wednesday which would place kiosks that exchange cryptocurrency and cash under supervision of the Illinois Department of Financial and Professional Regulation. “As with all acts, there will be expenses in implementing and administering it. Those cost expenses will be borne by industry and not the taxpayers in Illinois,” IDFPR attorney David Berland said.

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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.

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