Michael Saylor Calls Illinois 0.2% Crypto Tax a 'Big Mistake' as Industry Fights Back

Illinois will impose a 0.2% tax on crypto transactions starting January 2027, drawing sharp criticism from Michael Saylor and the Crypto Council for Innovation, who warn it will drive businesses out of the state.

• Illinois' Digital Asset Privilege Tax Act (DATA) imposes 0.2% levy on crypto transfers including wallet-to-wallet
• Michael Saylor called the law a 'Big Mistake' in a post on X
• Crypto Council for Innovation urged Gov. Pritzker to veto, warning it will drive builders out of Illinois
• The tax could raise up to $60 million but has no de minimis exemption for small transactions
• Congress is simultaneously working on federal crypto tax framework through the CLARITY Act

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