crypto

Illinois Crypto Groups Sue to Block 0.2% Digital Asset Tax

Source: Crypto.news
Illinois state capitol building with a cryptocurrency logo overlay

Two crypto trade groups have filed a lawsuit in Illinois to prevent the implementation of a 0.2% digital asset tax set to begin in 2027.

Two crypto trade groups have initiated legal action against Illinois, seeking to block a new 0.2% digital asset tax, according to a report by Crypto.news. The lawsuit aims to prevent exchanges and custodians from beginning to collect this tax in 2027.

The legal challenge comes as various jurisdictions consider different approaches to regulating and taxing digital assets. For readers following broader crypto market news , this development can help frame the wider news context.

Read original source