Key facts
- Illinois has introduced a new digital asset trading tax.
- Lawmakers reportedly added the tax to the state budget late in the process.
- Renato Mariotti claims this makes Illinois the first state to single out cryptocurrency for distinct tax treatment.
Renato Mariotti, a Chicago native, has voiced strong criticism regarding Illinois' newly implemented digital asset trading tax. Mariotti alleges that state lawmakers controversially inserted the tax into the state budget at the eleventh hour. He further argues that this move positions Illinois as the first state in the U.S. to impose a tax specifically targeting cryptocurrency trading, differentiating it from other forms of digital asset transactions.