{"id":615312,"date":"2026-06-17T04:52:50","date_gmt":"2026-06-17T04:52:50","guid":{"rendered":"https:\/\/e-bitco.in\/index.php\/2026\/06\/17\/illinois-governor-approves-crypto-transaction-tax-despite-industry-uproar\/"},"modified":"2026-06-17T04:52:50","modified_gmt":"2026-06-17T04:52:50","slug":"illinois-governor-approves-crypto-transaction-tax-despite-industry-uproar","status":"publish","type":"post","link":"https:\/\/e-bitco.in\/index.php\/2026\/06\/17\/illinois-governor-approves-crypto-transaction-tax-despite-industry-uproar\/","title":{"rendered":"Illinois governor approves crypto transaction tax despite industry uproar"},"content":{"rendered":"<p>\u201cThere is effectively no comparable state financial transaction tax on stocks, bonds or derivatives anywhere in the country,\u201d said a16z general counsel Miles Jennings.<\/p>\n<p>Illinois Governor JB Pritzker signed a $55.9 billion state budget bill into law on Tuesday, including a 0.2% &#8220;privilege tax&#8221; on crypto transactions, despite calls from crypto industry groups urging him to veto the provision.<\/p>\n<p>In a letter addressed to Pritzker ahead of the signing on Tuesday, the Crypto Council for Innovation called for a \u201cline-item veto\u201d of Article 3 of Senate Bill 3019, a transaction tax that applies to all digital asset transactions on any registered platform under broadly termed \u201cdigital asset business activity.\u201d<\/p>\n<p>\u201cThis will create an unprecedented tax regime that disproportionately burdens Illinois residents for simply using digital assets and will drive innovation and builders out of the state,\u201d CCI said on X on Tuesday.<\/p>\n<p><a href=\"https:\/\/cointelegraph.com\/news\/crypto-advocates-execs-push-back-on-illinois-transaction-tax?utm_source=rss&amp;utm_medium=rss_feed_medium&amp;utm_campaign=rss_feed_medium\">Read more<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>\u201cThere is effectively no comparable state financial transaction tax on stocks, bonds or derivatives anywhere in the country,\u201d said a16z general counsel Miles Jennings. Illinois Governor JB Pritzker signed a $55.9 billion state budget bill into law on Tuesday, including a 0.2% &#8220;privilege tax&#8221; on crypto transactions, despite calls from crypto industry groups urging him [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":615313,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":{"0":"post-615312","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-blockchain"},"_links":{"self":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/615312","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/comments?post=615312"}],"version-history":[{"count":0,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/615312\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media\/615313"}],"wp:attachment":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media?parent=615312"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/categories?post=615312"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/tags?post=615312"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}