Illinois: Governor Signs 0.2% Crypto Tax Law

Illinois Governor J.B. Pritzker signed a 0.2% tax on all crypto transactions into law, explicitly covering transfers between personal wallets. The measure drew immediate backlash from the Crypto Council for Innovation, which labeled it the most punitive digital asset tax in the country. Traders now face reporting obligations on routine self-custody movements that previously carried no tax friction in most US jurisdictions.