Crypto industry groups escalate fight against Illinois, asking court to block controversial crypto tax
60-second summary
Crypto industry groups representing dozens of digital‑asset firms intensify their legal battle in Illinois, petitioning a state court to block the state’s newly enacted “crypto tax,” which would impose a 4% gross‑receipts levy on transactions exceeding $1 billion annually.
Crypto groups representing a slew of digital asset firms are escalating its legal fight in Illinois over its controversial crypto tax.