CryptoBearishcrypto.news · 4h ago7/10
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Illinois lawmakers approve crypto tax with felony penalties
Illinois has approved a new cryptocurrency transaction tax on digital asset brokers operating in the state as part of its fiscal year 2027 budget bill, with felony penalties for non-compliance. This marks a significant regulatory expansion at the state level and reflects growing efforts by U.S. jurisdictions to capture tax revenue from crypto activities.
