Organizations join forces to fight Illinois crypto tax, after 6-month pause
60-second summary
Illinois officials postpone the 0.2% crypto‑asset tax, yet industry groups file for summary judgment demanding the tax be struck down; they argue the levy violates constitutional protections and harms innovation. The legal push aims to secure a definitive ruling before the tax resumes, signaling that continued litigation could delay revenue collection and shape future state crypto regulation.
Illinois officials already agreed to delay implementation of a 0.2% tax on crypto assets, but industry-aligned organizations are pushing for summary judgment on the merits.