The Illinois State Legislature in the United States has passed the fiscal year 2027 budget, which includes a provision to impose a 0.2% tax on cryptocurrency transactions, with digital asset brokers responsible for collecting the tax. The measure has been incorporated into the "Digital Asset Privilege Tax Act" amendment, which also includes registration requirements for digital asset brokers; if relevant brokers fail to comply starting January 1, it could constitute a third-degree felony in Illinois. The budget will take effect only after being signed by Governor JB Pritzker, and state lawmakers estimate that this tax could generate $60 million annually for the state. Industry organizations such as the Digital Chamber of Commerce have strongly opposed this proposal, stating that it lacks industry consultation and could have a destructive impact on the industry. (Cointelegraph)