‘One of the most anti-crypto laws in the US’: Illinois Gov. Pritzker signs 0.2% crypto tax

Illinois Gov. Pritzker recently signed a controversial 0.2% tax on crypto transactions, drawing criticism from industry lobbyists who argue it's one of the most anti-crypto laws in the US. This new tax is seen as a major setback for the burgeoning crypto sector in the state, potentially driving businesses and developers to relocate elsewhere. The move underscores the ongoing tension between regulatory frameworks and the fast-evolving crypto market, highlighting the need for more balanced legislation that fosters innovation without stifling growth.