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Wire · regulatory

Crypto Groups Seek to Strike Down Illinois' 0.2% Tax

5 November 2026 · By · Wire by Fusion42

Published

5 November 2026

Topic

regulatory

◆ Sectors

Crypto & Web3

◆ Geography

United States

◆ Source

Read at thedefiant.io →

◆ Verified

Fusion42 · 5 November 2026 · Fusion42 review

Crypto groups are contesting a proposed Illinois tax that would impose a 0.2% levy on the total value of crypto assets, requiring brokers to collect it from customers within the state.

This Wire brief sits within Fusion42's coverage of Crypto & Web3.

◆ ◆ The Wire takeaway

You face a new tax that targets crypto asset values, not gains, and forces brokers to collect it from Illinois customers. Act quickly to revise customer contracts or rethink your exposure to the Illinois market.

◆ Coverage

1 source · 5 Nov 2026

◆ Related on Wire

◆ Topics

Crypto & Web3crypto-taxillinoisregulatory-challengebroker-obligation