Illinois has joined the growing list of states that want a cut of crypto activity. Governor J.B. Pritzker signed the Digital Asset Tax Act into law on Tuesday, according to The Block.
The law sets a 0.2% tax on crypto transactions. That may sound small in percentage terms, but it hits where it counts. Tax friction can raise the effective cost of trading and interacting with assets that often move quickly.
Crypto industry lobbyists and representatives are already pushing back. The Block reports they are speaking out against the law, calling it one of the most anti-crypto bills in the United States.
What Illinois just passed
The key fact from The Block is simple. Illinois passed the Digital Asset Tax Act and Pritzker signed it on Tuesday.
The law imposes a 0.2% crypto tax. The industry’s immediate response signals that they expect this to affect compliance planning and how firms structure activity in the state.
Why “0.2%” still matters
A small rate does not automatically mean a small operational burden. Taxes can trigger new reporting and tracking requirements, especially when transactions happen across multiple platforms.
Even without dramatic headline impact, transaction-level taxes can shift behavior toward fewer, larger moves or toward routes that reduce exposure. That is the sort of consequence lobbyists typically warn about, and it is why The Block frames the act as unusually hostile.
Who has the power now
Once the governor signs a bill, the political room for changes shrinks. The industry’s main leverage moves from lawmakers to implementation details.
The Block’s reporting focuses on the backlash already happening from crypto lobbyists and representatives. Expect the next pressure points to be rules and enforcement rather than the underlying policy fight.
What to watch next
The Block does not lay out specific deadlines after signature in the provided excerpt. But the sequence is clear: Illinois has the law, the industry has objections, and the next stage will be how the tax gets operationalized.
Snapshot of the new Illinois crypto tax
| Item | What’s reported by The Block |
|---|---|
| Governor | J.B. Pritzker signed the Digital Asset Tax Act |
| Timing | Signed Tuesday |
| Tax rate | 0.2% |
| Industry reaction | Lobbyists and representatives oppose the law |
| Industry framing | Described as one of the most anti-crypto laws in the US |
If Illinois follows the typical post-signature path, the fight will shift from passage to paperwork. The practical impact will show up in compliance costs and how firms calculate the real cost of doing business in the state.