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06/17 06:13

"Like taxing emails" A "discriminatory" policy  Ad

#World Cup Predictions: 100,000 USDT Daily #BTC Prophet: 20-Day 380 Million HTX Challenge #HTXCommunity4thAnniversary "Like taxing emails" A "discriminatory" policy  Advertisement Illinois Governor J.B. Pritzker has signed SB 3019 into law, which has been labeled as the most aggressive and punitive piece of crypto legislation enacted at the state level to date. Industry leaders and legal experts are sounding the alarm over Article 3 of the bill, known as the "Digital Asset Privilege Tax Act." The new law establishes a first-of-its-kind 0.2% transaction tax on everyday crypto. The tax framework contains no exemptions for standard non-commercial activities (yes, users will be taxed even for simply moving funds between personal wallets).  HOT Stories Illinois Signs 'Most Anti-Crypto Law in the US' Musk Now Bigger Than Bitcoin "Like taxing emails" The Crypto Council for Innovation (CCI) has warned that the law would severely harm the local economy. "Illinois Governor Pritzker just signed the most punitive digital asset tax in the country into law. This will create an unprecedented tax regime that disproportionately burdens Illinois residents for simply using digital assets and will drive innovation and builders out of the state." Advertisement The CCI explicitly called out how the law unfairly targets everyday crypto users compared to participants in traditional finance. "The Act contains no meaningful exemptions for many common activities that digital asset users routinely undertake…" the letter added.   You Might Also Like Tue, 06/09/2026 - 09:01 White House to Host Urgent Clarity Act Talks ByAlex Dovbnya The novel tax regime, which has been compared to potentially taxing emails, would disproportionately burden residents for "simply using digital assets", according to the statement.  "Taxing a transaction based on the medium through which it occurs is akin to taxing correspondence because it is deliv

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