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🇺🇸 CoinDesk: Illinois Governor Signs New 0.2% Crypto Transaction Tax Into Law The new law imposes a 0.2% tax on crypto transactions in the state of Illinois — including transfers between personal wallets owned by the same individual.
⚠️ Important: This rule currently applies only within the state of Illinois, not across the entire United States.
🔸 The Crypto Council for Innovation criticized the move, calling it:
“the most punitive digital asset tax regime in the United States.”
🔸 Critics argue the policy could discourage on-chain activity, self-custody usage, and broader crypto innovation within the state.
The proposal is already sparking debate over whether U.S. states may begin introducing local crypto taxation frameworks before clearer federal regulations arrive.
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