📰 Crypto Trade Groups Move to Halt Illinois 0.2% Tax Before Start Date
🗓️ Sep 10 2026 03:45 UTC
Illinois is facing a fresh legal attempt to pause its new digital asset transaction tax before it begins in January 2027. The Crypto Council for Innovation (CCI) and the Blockchain Association (BA) say they have asked a court to issue a preliminary injunction blocking enforcement...
➤ Crypto trade groups CCI and Blockchain Association are seeking a preliminary injunction to block Illinois' new 0.2% digital asset transaction tax, set to begin in January 2027.
➤ They argue the tax is unconstitutional, lacks clarity on what is taxed, and forces companies into costly compliance systems under threat of penalties, causing irreparable harm.
➤ The legal challenge highlights broader concerns about state-level crypto taxation and its potential to set a precedent for other jurisdictions.
#illinois #cryptotax #transactiontax #blockchainassociation #cryptocouncilforinnovation #preliminaryinjunction #legalchallenge #compliance #digitalassets #regulation
🔗 Read more at: https://rwatimes.io/articles/coinmarketcap-crypto-trade-groups-move-to-halt-illinois-0-2-tax-before-start-date-893211910
/ RWATimes
npub1r6…jxrkh
2026-09-10 14:37:03 UTC
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wss://relay.damus.ioPublished at
2026-09-10 14:37:03 UTCEvent JSON
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"content": "📰 Crypto Trade Groups Move to Halt Illinois 0.2% Tax Before Start Date\n🗓️ Sep 10 2026 03:45 UTC\n\nIllinois is facing a fresh legal attempt to pause its new digital asset transaction tax before it begins in January 2027. The Crypto Council for Innovation (CCI) and the Blockchain Association (BA) say they have asked a court to issue a preliminary injunction blocking enforcement...\n\n➤ Crypto trade groups CCI and Blockchain Association are seeking a preliminary injunction to block Illinois' new 0.2% digital asset transaction tax, set to begin in January 2027.\n➤ They argue the tax is unconstitutional, lacks clarity on what is taxed, and forces companies into costly compliance systems under threat of penalties, causing irreparable harm.\n➤ The legal challenge highlights broader concerns about state-level crypto taxation and its potential to set a precedent for other jurisdictions.\n\n#illinois #cryptotax #transactiontax #blockchainassociation #cryptocouncilforinnovation #preliminaryinjunction #legalchallenge #compliance #digitalassets #regulation\n\n🔗 Read more at: https://rwatimes.io/articles/coinmarketcap-crypto-trade-groups-move-to-halt-illinois-0-2-tax-before-start-date-893211910",
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