Illinois Enacts Nation’s Strictest Digital Asset Tax Law

TechFlow News, June 17: According to a post by the Crypto Council for Innovation, Illinois Governor J.B. Pritzker has signed a digital asset tax bill—the most punitive digital asset tax regime in the United States—which will impose a disproportionate tax burden on Illinois residents using digital assets. The Council strongly opposes the bill, warning that it will drive innovators and developers out of the state, and has issued an official letter of opposition.