America's most taxed state pauses its plan to tax each crypto transaction.

Illinois is now taxing you just for moving your own money. The state’s new 0.2% crypto tax applies to every single transaction—whether you buy, sell, or simply transfer coins between your own wallets. It doesn’t matter if you lost money; the mere act of using crypto is now a taxable event. This unprecedented levy ignores profit or loss, treating your private transfers like a state-owned toll road. Is it justifiable for a state to tax you for moving your own assets?
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