Illinois Crypto Tax Is Impossible to Enforce as Written, Crypto Industry Tells Court

Illinois crypto tax is impossible to enforce as written, crypto industry tells court

The legal battle to head off the crypto transaction tax in Illinois has drawn up a hefty roster of industry opposition, and they're saying the tax won't work.

Crypto Groups File Brief Backing Illinois Digital Asset Tax Challenge

The brief supports a legal challenge by industry groups. Illinois’ 0.2% tax is scheduled to take effect in July 2027, after a delay from January.

Illinois’ 0.2% Crypto Tax Hits a Self-Custody Problem

Key Takeaways Brokers owe the 0.2% even if uncollected Fees paid only to liquidity providers are exempt Draft rules demand […]