CFTC chair blasts Illinois over ‘punitive’ crypto tax
CFTC Chair Michael Selig criticized Illinois lawmakers over a new 0.2% tax on crypto transactions, saying the state had moved against financial technology at the wrong time. Summary Illinois’ 0.2% crypto tax drew sharp CFTC criticism before its planned 2027 start date. The law requires broker registration, monthly reports, and tax collection on covered digital…
