On Tuesday, Illinois Governor J.B. Pritzker signed into law the Digital Asset Tax Act, imposing a 0.2% tax on cryptocurrency transactions.
This legislation has sparked significant backlash from crypto industry lobbyists and representatives, who argue that it could hinder the growth of the digital asset sector in the state.
Critics have described the law as one of the most anti-crypto measures in the United States, raising concerns about its potential impact on innovation and investment in the industry.