2021: Illinois is open for business. 2026: Illinois puts a toll on every crypto transaction in the state. First state to tax the movement itself, gains or no gains. Out-of-state firms hit the threshold, run the math, and geofence Illinois out before the rule even starts. Tax the rails and the rails reroute.

🇺🇸 Illinois just became the FIRST US state to tax crypto transactions. Gov. Pritzker signed a 0.2% "privilege tax" into law, effective Jan 1, 2027. → Charged to brokers (costs likely pass to users) → $100K threshold → Felony penalties for unregistered brokers No stock or bond has this. Critics call it the most punitive crypto tax in the US.

🚨🇺🇸 BREAKING: Illinois Governor J.B. Pritzker has signed a new digital asset tax into law, igniting debate across the crypto industry. Critics argue the measure could increase compliance costs for blockchain companies and discourage innovation, while supporters say it provides greater oversight of the rapidly growing digital asset sector. The move is already drawing strong reactions from crypto entrepreneurs, investors, and policy advocates who warn that stricter regulations could push talent, startups, and investment to more crypto-friendly jurisdictions. ₿⚖️

Illinois becomes the first U.S. state to tax crypto usage itself: a 0.2% Digital Asset Privilege Tax on transactions, part of a $55.9B budget signed by Gov. Pritzker. Effective Jan 1, 2027, brokers must collect it. #CryptoTax

Illinois to 0 This is also related to the Bears moving to Indiana but you wouldn't get it

Illinois introduced a tax on crypto transactions 🇺🇸 Illinois Governor JB Pritzker approved a budget of $55.9 billions, which includes a 0.2% tax on digital asset transactions from 2027. The levy will affect exchanges, transfers, and storage. a16z Crypto and the Digital Chamber opposed the tax, calling the measure discriminatory compared to the stock market. #Crypto | #Illinois | #USA | #Taxes

“Starting January 1, 2027, Illinois will impose a 0.20% tax on the gross value of digital assets exchanged, transferred, or stored for customers.”

This is by far the most insane law after the 36% unrealized capital gains tax in the Netherlands. How can you tax transfers between personal #Crypto wallets? Insanity.

Illinois taxing every crypto transaction by 0.2% is somehow even more retarded than the Netherlands wanting to tax unrealized gains by 36% 🤯 Active traders in illinois are COOKED with this law.