Illinois tax officials have released draft rules for the state's 0.2% digital asset transaction tax. The tax is already law. The draft sets out how it would apply to specific kinds of crypto activity. Cointelegraph reported the draft on Sep 30, 2026.
According to the report, the draft covers stablecoins, decentralized finance (DeFi) platforms, crypto bridges and transfers involving self-custody. Those are the areas the rules address in detail, alongside other crypto activity.
The rules are still a draft, not final. The report does not say when they would take effect, how the tax would be collected, or whether the draft could change before it is adopted.
For someone already holding a perpetual futures position on Bitget, Bybit, MEXC or OKX, nothing changes directly based on what is known. The report does not mention derivatives, perpetual futures or any of these exchanges, and it says nothing about funding rates, trading fees or liquidity. Whether the tax reaches perp trading at all is not stated in the source.
Source: cointelegraph — Illinois draft crypto tax rules detail DeFi, stablecoin treatment