Illinois Set to Begin Taxing Bitcoin, Crypto Transactions as Critics Slam ‘Most Punitive’ Tax

In brief

• Governor JD Pritzker of Illinois signed a new digital asset tax bill into law, enacting a 0.2% tax on transactions starting in 2027.
• The Crypto Council for Innovation called it it the “most punitive digital asset tax” in the country.
• Estimates suggest the state could bring in around…