Illinois: Enacts 0.2% Crypto Services Tax

Illinois Governor J.B. Pritzker signed the Digital Asset Tax Act into the 2027 state budget, applying a 0.2% tax on every crypto exchange, wallet transfer and custody service used by Illinois residents. The levy hits firms based in the state plus any provider earning over $100,000 yearly from Illinois users, regardless of location, and is calculated on transaction value rather than gains.

Bitcoin trades at $63966.44 inside its Bollinger Bands with the upper resistance at $67465.5 and lower support at $63544.18. The bearish MACD death cross at -160.06 and price sitting below the EMA50 at $64753.96 point to further downside pressure toward that level before any recovery attempt, while neutral RSI at 41.13 offers no immediate reversal signal. This new Illinois crypto transaction tax adds regulatory friction that could weigh on BTC price prediction models and broader crypto market sentiment through 2027.