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Aug 21, 2026

Blockchain Association and Crypto Council sue Illinois over digital asset tax

The Blockchain Association and Crypto Council for Innovation filed legal challenges against Illinois' new crypto tax, joining earlier lawsuits against the 0.2% levy on total asset value.

Aug 21, 2026·2 sources

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Top claims

▪The Illinois digital asset tax is scheduled to take effect on January 1, 2027
▪Filing the lawsuit on August 21, 2026, did not automatically suspend the tax, leaving January 1, 2027, as the active compliance deadline unless a court intervenes
▪The Digital Chamber filed a separate legal challenge against the Illinois digital asset tax in Sangamon County in July 2026

Topics

Crypto taxation Crypto regulation Crypto lobbying

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