Thursday, November 5, 2026 News updated 18+ Gamble responsibly. Get help Write Sign in
Stake NewsToday

An independent desk covering Stake, the US casino market and crypto.

Crypto Today

Digital Chamber Files Motion Against Illinois Tax on PYUSD

Digital Chamber Files Motion Against Illinois Tax on PYUSD

Photo: Coinfomania

The Digital Chamber challenges Illinois' discriminatory tax on PYUSD transactions. This legal action could reshape stablecoin regulation. On November 5, 2026, the Digital Chamber filed a motion for summary judgment against Illinois’ Digital Asset Tax, which they argue discriminates against transactions using PayPal’s stablecoin, PYUSD. According to their statement, sending $1 via PayPal and sending $1 in PYUSD should be treated equally, yet the tax only applies to the latter. This legal challenge aims to block the tax’s enforcement, citing constitutional violations. More details are available in their official tweet .

Source: Coinfomania

Latest in Crypto Today

All Crypto Today stories