Illinois enacts 0.2% crypto tax

Illinois Governor Pritzker has signed a new law imposing a 0.2% tax on cryptocurrency transactions. This move is being described by some as one of the most anti-crypto legislative actions in the United States. The tax is set to take effect on a future date, potentially impacting the cost of trading digital assets within the state. This development follows a period of increased scrutiny and regulatory attention on the cryptocurrency sector nationwide, raising concerns among investors and industry participants about the growing tax burden on digital assets.