Illinois Set to Begin Taxing Bitcoin, Crypto Transactions as Critics Slam 'Most Punitive' Tax

Crypto Insight Summary: ]( English Sign Up * * * * * * $65,858.00 0.14% $1,772.55 -0.48% $605.26 0.08% $1.21 -0.71% $0.99979 -0.00% $73.57 0.40% $0.321151 1.31% $1.032 -0.09% $75.03 2.39% $0.086967 0.37% $0.999717 0.00% $0.0145975 5.23% $9.68 0.06% $493.94 -1.94% $0.226124 5.16% $54.21 0.46% $0.164908 1.15% $337.89 -0.74% $0.170474 -1.78% $8.24 0.63% $1.00 0.01% $0.999156 -0.02% $1.66 -0.48% $215.44 -0.58% $13.04 6.00% $2.98 -6.37% $0.081248 -0.02% $45.46 0.94% $0.799033 1.72% $1.13 0.00% $2.34 0.55% $6.90 1.52% $0.00000499 0.51% $0.999963 0.00% $0.059845 -0.31% $0.999834 -0.00% $4,334.87 0.48% $256.91 0.86% $1.00 0.00% $0.674841 2.91% $1.13 0.44% $3.29 4.07% $0.741708 13.44% $4,347.27 0.55% $0.061776 2.80% $0.377758 2.78% $0.554899 0.07% $1.025 2.13% $0.999968 -0.00% $74.91 -0.57% $0.00000172 1.81% $0.994226 0.12% $0.132396 -3.38% $0.999243 0.00% $0.058913 3.16% $2.42 2.61% $0.999072 -0.00% $1.82 -0.53% $1.97 1.16% $0.00000298 1.53% $76.79 3.17% $7.40 0.94% $71.36 -0.53% $1.99 -0.10% $0.9996 0.01% $11.12 0.01% $7.32 2.39% $107.07 0.00% $1.22 -0.19% $0.999831 0.04% $1.75 1.30% $0.099201 6.06% $0.03213539 -1.62% $1.11 0.02% $0.093088 10.01% $0.078174 1.04% $0.827523 1.92% $0.03343613 -7.85% $16.52 10.05% $6.77 -0.14% $15 .38 -18.25% $0.082328 0.35% $1.038 -0.00% $0.675204 0.64% $0.00771451 -0.78% $0.194942 2.32% $0.811127 3.27% $0.079937 -0.39% $0.03021983 0.16% $0.998945 0.00% $0.681701 2.69% $0.087552 3.49% $0.999972 0.00% $0.998823 -0.01% $5.47 -3.46% $1.17 -0.18% $0.00152363 0.45% $0.0312579 -6.27% $0.01313704 -2.21% $0.999317 -0.02% $1.70 -35.33% $0.997623 -0.04% $3.89 3.77% $0.509376 4.77% $115.59 0.01% $37.49 0.78% $0.209569 1.44% $1.86 8.69% $0.00854792 -1.43% $1.93 1.63% $1.40 0.07% $0.00721704 2.21% $0.00509539 -2.26% $1.16 -0.20% $0.184685 -2.45% $0.00000479 1.16% $0.451169 16.45% $0.62784 0.90% $0.00007407 5.33% $1.043 0.03% $0.919227 -3.39% $0.210317 -22.92% $0.404982 7.23% $0.055628 4.25% $0.241052 1.50% $0.193806 1.22% $0.735604 -7.17% $0.998292 0.01% $0.343192 -20.91% $0.366894 7.73% $0.04102753 -3.95% $139.79 0.60% $0.01720027 1.89% $0.04007881 3.32% $0.495358 5.50% $0.11556 28.90% $0.115373 -0.86% $105.64 -0.04% $0.051841 10.71% $0.247068 2.24% $1.063 -4.81% $70.48 0.65% $0.076202 9.21% $0.02237282 -2.49% $0.00000027 0.30% $0.00000027 -0.03% $0.00266917 0.78% $1.50 9.67% $0.00002645 1.97% $0.02448974 0.70% $0.999793 -0.06% $0.00504885 2.53% $12.40 -1.06% $0.28973 6.14% $0.116063 -10.97% $16.06 -0.11% $0.99074 -0.06% $0.00252015 -1.29% $0.816764 3.40% $0.109438 2.72% $0.03571743 0.62% $0.228368 -4.48% $0.227559 0.21% $0.00000107 0.78% $0.03813189 -0.24% $0.077103 4.76% $1.002 0.30% $5.45 1.38% $64.77 1.55% $0.04832945 0.64% $0.983087 -0.01% $0.01998202 1.14% $12.27 -1.81% $0.06314 -0.33% $0.99933 0.01% $1.00 0.00% $0.733153 7.13% $1.003 0.36% $1.11 0.06% $0.998978 0.02% $2,181.83 -0.69% $1.24 -2.55% $1.13 0.56% $0.00000304 0.37% $1.01 0.66% $0.145589 5.50% $17.92 1.39% $2.03 -0.40% $1.083 0.02% $0.171421 2.58% $0.406957 -1.40% $0.62807 1.46% $0.068473 -1.44% $1.81 1.24% $0.164598 2.66% $2.86 -2.24% $2.32 2.94% $1.087 0.01% $1.00 0.00% $0.36157 0.36% $0.163214 -0.65% $0.21543 2.22% $0.998839 0.52% $0.00412718 3.11% $9.90 0.11% $1.21 0.67% $0.998397 -0.04% $ 0.348055 -18.65% $1.00 0.00% $0.425645 2.80% $0.429675 -2.72% $0.053607 1.60% $1.011 0.01% $0.00127077 22.92% $0.138903 3.99% $0.063101 1.88% $0.092422 2.32% $1.16 -0.28% $0.070315 1.75% $0.999943 0.05% $96.15 -1.82% $2.05 2.05% $1.00 0.00% $0.132715 4.38% $0.00273234 1.70% $0.128714 3.44% $0.359851 3.42% $0.102972 -0.11% $0.03403411 0.03% $0.251186 -0.46% $0.130384 0.76% $0.01726475 -12.99% $1.38 -0.49% $0.293657 0.86% $0.03294174 2.57% $0.147677 1.73% $1.025 -0.05% $0.074384 2.65% $0.999271 -0.02% $0.997078 -0.21% $0.48356 19.58% $0.53949 -5.80% $0.99966 0.03% $82.55 1.50% $0.997537 -0.07% $1,100.17 0.05% $0.01185768 3.52% $0.474522 -2.73% [Price data by](https://www.coingecko.com/?utm_source=decrypt-web&utm_medium=partnership&utm_campaign=coin_price_marquee_widget) * * * Reading ![Image 5: Bitcoin and the U.S. Image: Shutterstock/Decrypt]( Illinois Set to Begin Taxing Bitcoin, Crypto Transactions as Critics Slam 'Most Punitive' Tax * * * By Edited by Jun 17, 2026 Jun 17, 2026 2 min read Bitcoin and the U.S. Image: Shutterstock/Decrypt Create an account to save your articles. Add Decrypt as your preferred source to see more of our stories on Google. * Governor JD Pritzker of Illinois signed a new digital asset tax bill into law, enacting a 0.2% tax on transactions starting in 2027. * The Crypto Council for Innovation called it it the "most punitive digital asset tax" in the country. * Estimates suggest the state could bring in around $60 million next year thanks to its implementation. The tax is set to take effect on January 1, 2027. The Illinois Policy Institute, a taxpayer advocate in the state, noted that lawmakers expect the bill to . Crypto Insight Analysis: Direction: Bearish BTC / Bearish ETH Impact: Minor Impact Horizon: Mid-term (1-8 weeks) Reasoning: Illinois' 0.2% crypto tax adds friction, likely reducing trading volumes and adoption in the state.