Woofun AI reports that Illinois Governor JB Pritzker signed the Digital Asset Tax Act on Tuesday, establishing a 0.2% levy on the transaction value of digital asset services provided to customers within the state. The legislation mandates that crypto service providers, including exchanges, custodians, and brokers, collect and remit the tax on behalf of their clients, mirroring the structure of a traditional sales tax. This regulatory framework is scheduled to take effect on January 1, 2027.

Industry organizations such as the Crypto Council for Innovation, Digital Chamber, and Illinois Blockchain Association have voiced strong opposition to the bill, characterizing it as one of the most stringent digital asset tax regimes in the nation. Critics argue that the measure imposes undue costs on residents utilizing digital assets and risks driving crypto businesses, developers, and innovation out of Illinois.