Introduction: Illinois Digital Asset Tax Act — Impact on Strike Bitcoin

• *This is a short report on the latest tax on cryptocurrency, a transfer tax recently passed by the Legislature of the US State of Illinois, and signed into law by their Govenor.

Point: Illinois’ new Digital Asset Tax Act ...

• ...will impose a 0.2% tax on every crypto transaction Strike facilitates for its Illinois customers, starting January 1, 2027

— unless a pending lawsuit or repeal bill stops it first.

Reason: The law, tucked into SB 3019 and signed June 16, 2026, taxes any “digital asset business activity”

— exchanging, transferring, or storing crypto
— performed by a broker on a customer’s behalf.

• Strike qualifies as a covered broker, so it will be responsible for collecting and remitting the tax on behalf of Illinois users.
• Critically, the tax applies to the full transaction value regardless of profit or loss, and even to internal transfers like moving funds to self-custody.

Example: If an Illinois customer sells $75,000 of Bitcoin through Strike, the state collects $150

— even if that customer bought the Bitcoin for $100,000 and is sitting on a loss.

• Routine Strike activity — buying BTC, converting paycheck deposits, withdrawing to a personal wallet — could each trigger a separate 0.2% charge, layering on top of any federal or state capital gains liability.

Point (restated): Bottom line — Strike’s Illinois customers should expect a small but recurring tax drag on nearly every transaction starting in 2027, passed through by Strike as collector.

• However, the Digital Chamber has already sued to block the law on constitutional grounds, and a repeal bill is pending in the state legislature

— so the outcome is unresolved, and Strike’s compliance posture will likely stay in flux until the courts or legislature act.

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