Illinois governor pauses data center tax breaks starting July 1, raising costs for crypto miners

According to a fiscal year 2027 budget bill passed by the Illinois General Assembly, the state is moving forward with a new tax on cryptocurrency transactions that would apply to digital asset brokers operating in Illinois. Included within the state’s…

Becerra's advancement highlights the Democratic stronghold in California, potentially influencing future political strategies and voter dynamics. The post Xavier Becerra advances to California governor general election appeared first on Crypto Briefing.

The law, part of a budget plan passed by Illinois lawmakers, would put the burden of collecting a 0.2% tax on crypto transactions on a registered broker.

Wyoming's AI data center initiative could boost economic growth, energy innovation, and job creation, while balancing resource management. The post Wyoming governor signs executive order to guide AI data center development appeared first on Crypto Briefing.

The BoE's stance highlights the complex interplay between geopolitical events and economic policy, emphasizing caution amid global uncertainties. The post Bank of England governor warns ceasefire would create uncertainty, not rate cuts appeared first on Crypto Briefing.

The BoE's stance highlights the complex interplay between geopolitical events and economic policy, emphasizing caution amid global uncertainties. The post Bank of England governor warns ceasefire would create uncertainty, not rate cuts appeared first on Crypto Briefing.

Gov. JB Pritzker says he intends to sign legislation to give Illinois a regulatory framework for artificial intelligence developers with a measure that garnered bipartisan support and the backing of AI companies.

Here’s why Anthropic and OpenAI are on board with Illinois safety testing.