Current outcome
Crypto industry groups have escalated their legal fight against Illinois, seeking a preliminary injunction to block the state's 0.2% crypto transaction tax before it takes effect in January 2027, citing constitutional violations and compliance burdens.
Progress timeline
2 material updates- #01
Crypto industry groups escalate fight against Illinois, asking court to block controversial crypto tax
Crypto industry groups are escalating their legal fight in Illinois, asking a court to block the state's controversial crypto tax.
Source evidence: The Block
- #02
Trade groups seek to block Illinois crypto tax before January effective date
Crypto industry groups (CCI and Blockchain Association) filed a motion for a preliminary injunction to block Illinois' 0.2% crypto transaction tax before its January 2027 effective date.
State after update: Crypto industry groups have escalated their legal fight against Illinois, seeking a preliminary injunction to block the state's 0.2% crypto transaction tax before it takes effect in January 2027, citing constitutional violations and compliance burdens.
Source evidence: Cointelegraph