Illinois governor triggers crypto tax backlash

Illinois Governor JB Pritzker has signed a new law imposing a 0.2% tax on various digital asset services, including exchange, transfer, and custody activities. This move has sparked significant backlash from the cryptocurrency industry. The Crypto Council for Innovation (CCI) has formally requested the governor to issue a line-item veto for the provision, arguing against its implementation. The tax is seen by many as a hindrance to the growth and adoption of digital assets within the state, potentially driving businesses and users elsewhere.