# Illinois Targets Crypto With New Tax

Page: https://stenobird.com/podcast/business-finance-news-today-2-min-news-the-daily-news-now-7726192/illinois-targets-crypto-with-new-tax
Text version: https://stenobird.com/podcast/business-finance-news-today-2-min-news-the-daily-news-now-7726192/illinois-targets-crypto-with-new-tax.md
Podcast: [Business News Today | 2 Min News | The Daily News Now!](https://stenobird.com/podcast/business-finance-news-today-2-min-news-the-daily-news-now-7726192)
Published: 2026-06-17T17:46:49+00:00
Episode link: https://api.fastcast.ai/audio/9ee0d1aa-496a-41db-a5c7-dc1de236b7e8.mp3
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Duration seconds: 103

## Resource

Illinois is set to become the first and only U.S. state to tax crypto transactions, slapping a 0.2% levy on digital asset buys and transfers starting January 1, 2027 — a move expected to generate $60 million. Critics call it the “most punitive” crypto tax in the nation, warning it could drive businesses and innovators out of the state. Brokers will collect the tax, and opponents, including the Crypto Council for Innovation, argue the law was rushed through without meaningful stakeholder input. Meanwhile, Congress grapples with its own crypto tax proposals, highlighting the broader regulatory challenges ahead. Support the show: Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN: advertise@thednn.ai This is an automated, high-level news summary based on public reporting. Report issues to feedback@thednn.ai. View sources & latest updates: https://sources.thednn.ai/a1b30542d349920e

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