Svmuu News: Illinois Governor JB Pritzker signed the “Digital Asset Tax Act” on Tuesday, which will impose a 0.2% tax on the transaction value of digital asset trades or services provided to Illinois customers. The law will take effect on January 1, 2027. The tax primarily targets cryptocurrency service providers—including exchanges, custodians, and brokers—requiring them to collect and remit the tax on behalf of customers, in a manner similar to sales tax. Industry organizations such as the Crypto Council for Innovation, the Digital Chamber, and the Illinois Blockchain Association strongly opposed the bill, calling it potentially one of the strictest digital asset tax regimes in the United States. Critics argue that the tax will impose additional costs on Illinois residents simply for using digital assets and may drive crypto companies, developers, and innovation out of the state.