Illinois 0.2% Crypto Tax Sparks Regulatory Backlash as Miners Shift to AI

Illinois has imposed a 0.2% tax on cryptocurrency transactions, sparking a significant shift in the digital asset landscape. The move has drawn sharp criticism from the crypto community, with many accusing the state of stifling innovation. Meanwhile, mining operations are pivoting toward artificial intelligence computing as profitability declines. The backlash highlights growing tensions between regulators and the crypto industry.