Illinois Drafts Rules To Tax Crypto Transactions Starting 2027

Published by

Anjali Belgaumkar

September 30, 2026

People reading newspapers outside a classical building near a rising percentage symbol.

The State of Illinois released draft rules that would tax crypto transactions regardless of profit or loss starting in 2027. The Digital Chamber, Blockchain Association, and other crypto industry groups are suing over the proposal, calling it draconian for singling out crypto and taxing every transaction. Commentary tied to the report said political backing from Senator Elizabeth Warren behind the governor’s stance, though this claim is unverified.

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