Svmuu News: Illinois has become the first state in the U.S. to tax digital asset transactions. SB 3019, signed into law by Governor J.B. Pritzker, includes the Digital Asset Tax Act, which imposes a 0.2% business tax on brokers who trade, transfer, or hold digital assets for clients in the state. The law is expected to take effect on January 1, 2027, and is expected to generate approximately $60 million in annual revenue for the state. The tax is levied on business activity rather than profits; traditional securities brokers in Illinois do not bear a similar tax burden. Former federal prosecutor Renato Mariotti criticized the inclusion of the tax in the budget bill, arguing it lacked sufficient public debate. The Digital Chamber of Commerce and the Illinois Blockchain Association have jointly opposed the tax, calling it “substantively unsound, procedurally flawed, and economically destructive.” (cryptobriefing)