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Jun 17, 2026

Illinois Governor Signs Budget Including 0.2% Crypto Transaction Tax

Illinois Governor JB Pritzker signed a $55.9 billion state budget bill that includes a 0.2% 'privilege tax' on crypto transactions involving Illinois residents, drawing condemnation from industry groups as the 'most anti-crypto law in the US.'

Jun 17, 2026·2 sources
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Apr 3, 2026

CFTC Sues Illinois, Arizona, and Connecticut Over Prediction Market Jurisdiction

The Commodity Futures Trading Commission filed lawsuits against Illinois, Arizona, and Connecticut, asserting exclusive federal jurisdiction over prediction markets under the Commodity Exchange Act. The suits challenge state cease-and-desist orders against prediction market operators.

Apr 3, 2026·4 sources
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Top claims

  • ▪The CCI compared the tax to "taxing correspondence because it is delivered by email rather than by post."
  • ▪Illinois Governor J.B. Pritzker signed a $55.9 billion state budget bill (SB 3019) that includes a 0.2% "privilege tax" on crypto transactions.
  • ▪The "Digital Asset Privilege Tax Act," which is Article 3 of the bill, will take effect on January 1, 2027.

Topics

Crypto regulationCrypto taxationCrypto market regulationCrypto regulatory agenciesLandmark crypto cases

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