Chicago Business Attorney Blog
This happened yesterday.
On June 16, 2026, Governor J.B. Pritzker signed Illinois’ $56 billion state budget into law. Buried inside it was something the crypto industry never saw coming: the Digital Asset Tax Act. Illinois is now the first state in the country to impose a direct tax on cryptocurrency transactions, and the industry is furious.
If your business touches digital assets in any way, including accepting Bitcoin as payment, holding crypto in a company account, using a crypto payment processor, or operating any platform that exchanges or stores digital assets for customers, you need to understand what this law does and what it means for you starting January 1, 2027.