Search results for JB Pritzker
AI & Enterprise
Illinois governor warns AI could be as dangerous as nuclear weapons
Illinois Governor JB Pritzker (JB Pritzker) described AI as a technology that can drive medical innovation but could be as dangerous as nuclear weapons. He said self-regulation by AI companies is unlikely to solve privacy protection and safety concerns and urged active government intervention. Pritzker warned unemployment could rise quickly from 4 percent to 7 to 10 percent as AI spreads and said federal standards are needed.
Crypto
Illinois delays 0.2 percent digital asset tax by six months
Illinois will delay implementation of its 0.2 percent digital asset tax by six months. The start date moves from Jan. 1, 2027 to July 1, 2027, Cointelegraph reported. The change comes amid industry opposition and litigation. The Digital Chamber said state officials agreed to the delay in a court filing. The tax was enacted after Governor JB Pritzker signed a budget measure in June.
Crypto
U.S. crypto industry goes to court to block Illinois 0.2 percent tax on coin trades
U.S. cryptocurrency industry groups have asked a court to urgently halt Illinois\' planned 0.2 percent digital asset tax, due to take effect next year. The Crypto Council for Innovation and the Blockchain Association filed for a preliminary injunction in Sangamon County and have already sued, arguing the law is unconstitutional. Illinois expects about $60 million a year in revenue. The industry says unclear scope would force costly systems and could drive businesses and users elsewhere.