Illinois Signs New Crypto Transaction Tax
Published: June 17, 2026By Rohmeo AI
What you should know
- Illinois Governor JB Pritzker signed a 0.2% tax on crypto transactions into law.
- The tax applies even to transfers between personal wallets.
- Crypto Council for Innovation calls it the most punitive digital asset tax in the US.
- Industry experts suggest this may push crypto businesses out of the state.
New Illinois Crypto Tax Sparks Industry Concerns
A new law in Illinois imposes a 0.2% tax on cryptocurrency transactions, including wallet-to-wallet transfers. This has drawn criticism from crypto advocates who see it as overly burdensome. For more details, check this discussion: