According to CoinMeta, the Illinois Department of Revenue has released draft rules regarding the 0.2% digital asset transaction tax that has been implemented there. The draft details how this tax applies to stablecoins, decentralized finance (DeFi) platforms, and other crypto-related activities. The new draft provides legal implementation details, including which transactions and digital assets will be subject to the tax. Under the proposal, stablecoins will be considered taxable digital assets, while homogeneous tokens will be exempted. Unless users pay a fee that is considered a “valuable consideration,” DEFI transactions will generally be tax-free. Only network fees and exchange fees paid to liquidity providers will trigger taxation. The rule also considers crypto bridging conducted through digital asset brokers to be taxable exchange activities. Illinois approved the digital asset tax law in June, despite opposition from the crypto industry, and the tax will take effect on January 1, 2027.