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Edition 2026-10-02

CRYPTO

Illinois delays crypto tax rollout after legal challenge

A coalition of crypto advocacy groups has secured a six‑month postponement of Illinois’ planned digital‑asset tax following a lawsuit filed in Sangamon County circuit court.

By cointelegraph · 21d ago · Source: cointelegraph

Full article

A coalition of crypto advocacy groups has secured a six‑month postponement of Illinois’ planned digital‑asset tax following a lawsuit filed in Sangamon County circuit court. The filing, submitted on Thursday, states that the state will move the tax’s effective date from January 1, 2027, to July 1, 2027, to allow further legal review. The tax, a 0.2% levy on digital assets, was embedded in the state’s 2027 budget legislation signed by Governor JB Pritzker in June and would have required crypto brokers to collect the fee or face potential criminal penalties. Digital Chamber, the organization that brought the suit alongside the Illinois Attorney General’s office and the Department of Revenue, called the delay a “major win” but emphasized that the legal fight continues. Separate challenges from the Crypto Council for Innovation and the Blockchain Association, which argue the tax violates constitutional provisions, remain unresolved, with their status uncertain after the recent agreement. The state has not yet provided a formal comment on the pending litigation.

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Publisher
cointelegraph
Reliability
high
Published
10/2/2026, 12:30:39 PM
Retrieved
10/2/2026, 12:30:39 PM
Relevance
80%
Confidence
85%
Read original at cointelegraph

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