Illinois signs the strictest digital asset tax law in the United States

According to a statement from the Crypto Council for Innovation, Illinois Governor Pritzker has signed a digital asset tax bill, which is considered to be the most punitive digital asset tax regime in the country, imposing a disproportionate tax burden on Illinois residents using digital assets.

The council strongly opposes this, warning that this move will drive innovators and developers out of the state, and has issued a formal letter of opposition.