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Read the bill.  What it does is classify hate crimes as a crime punishable under already existing conspiracy laws, and subject to the same restrictions.  Yes, conspiracy to commit a crime once it meets certain criteria is no longer protected under the First Amendment.  This law would add hate crimes to the list of crimes that can be prosecuted under conspiracy statutes.
The bill itself also says it would impose criminal penalties for those who "published material advancing white supremacy, white supremacist ideology, antagonism based on ‘replacement theory,’ or hate speech that vilifies or is otherwise directed against any non-White person or group, and such published material," if that material was "read, heard, or viewed by a person who engaged in the planning, development, preparation, or perpetration of a white supremacy inspired hate crime."

If this happens — which it won’t — it’s going to be a real problem for Tucker.