Illinois draft crypto tax rules detail DeFi, stablecoin treatment

Crypto Insight Summary: Illinois’ draft rules spell out how its 0.2% digital asset transaction tax would apply to stablecoins, DeFi platforms, crypto bridges and self-custody transfers. Crypto Insight Analysis: Direction: Bearish crypto Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: New tax rules may deter crypto usage in Illinois, but impact is limited to one state.