Illinois has moved forward with a new digital asset tax, giving the crypto industry another state-level policy fight to watch as regulation increasingly shifts beyond Washington.

TL;DR

• Illinois SB3019 has become law and includes a 0.2% tax tied to digital asset business activity.
• The measure is set to take effect on January 1, 2027.
• Industry groups are pushing back, arguing the tax could make Illinois less attractive for crypto businesses.

The Illinois General Assembly bill status page for SB3019 shows the measure has advanced into law, while industry and tax summaries point to a new 0.2% levy connected to digital asset business activity. The tax is expected to apply from January 1, 2027, giving exchanges, brokers and affected firms time to…