Crypto groups urge swift court review of Illinois digital asset tax law

The Crypto Council for Innovation and Blockchain Association, two prominent industry advocacy groups, have announced plans to collaborate with the Digital Chamber and other organizations to seek a court review of Illinois’s controversial digital asset tax. The measure, which imposes a 0.2% tax on crypto transactions, is currently set to take effect in July 2027. On Tuesday, the organizations filed a joint request in the Circuit Court of Sangamon County, Illinois, urging the court to set an expedited timetable for summary judgment.

Source: CoinTurk News