A coalition called the Crypto Council for Innovation (CCI) has urged Illinois Governor J.B. Pritzker to veto Article 3 of SB 3019, known as the Digital Asset Privilege Tax Act. The group argues the proposal would impose a 0.2% tax on certain digital asset transactions, including exchanges, transfers, and custody activities, making Illinois the only U.S. state with such a tax. The issue matters because critics say the measure could increase costs for crypto users, discourage investment, and make Illinois less attractive for blockchain startups and innovation. Next, Governor Pritzker must decide whether to approve the legislation or issue a line-item veto. The decision could shape Illinois’ future role in the digital asset industry.
The post Illinois Crypto Tax Faces Pushback appeared first on Coinpedia Fintech News A coalition called the Crypto Council for Innovation (CCI) has urged IllinoisThe post Illinois Crypto Tax Faces Pushback appeared first on Coinpedia Fintech News A coalition called the Crypto Council for Innovation (CCI) has urged Illinois
Illinois Crypto Tax Faces Pushback
For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Cathie Wood’s ARK Invest Buys $13.7M in Circle Shares While Selling Robinhood Stock
TLDR ARK Invest bought 217,896 Circle Internet Group shares for ~$13.7M on July 9 ARK sold 85,319 Robinhood Markets shares worth ~$9.8M on the same day ARK has
Share
Coincentral2026/07/10 14:51
The changing face of elder care in Malaysia — Sayed Mohammad Reza Yamani Sayed Umar
JULY 10 — An elderly society is becoming increasingly prevalent in Malaysia at present. It is projected that the p...
Share
Malaymail2026/07/10 15:24
Not a loophole: Singapore AI export controls let China tap US AI legally
American AI technology is reaching Chinese tech giants through a route that US export controls were never designed to close: Singapore. The city-state sits outside
Share
The Cryptonomist2026/07/10 14:46
