Tag: Illinois

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Illinois Agrees to Delay 0.2% Crypto Tax After Industry Lawsuit

Crypto advocacy organizations behind a lawsuit opposing Illinois’ Digital Asset Tax reported that state officials agreed to delay implementation by six months.In a Thursday...

Illinois Details DeFi, Stablecoin Rules for 0.2% Crypto Tax

Cointelegraph is committed to providing independent, high-quality journalism across the crypto, blockchain, AI, and fintech industries.All news, reviews, and analyses are produced with full...

Crypto Organizations Oppose Illinois Digital Asset Tax in Court

The Crypto Council for Innovation (CCI) and Blockchain Association (BA) filed a lawsuit against Illinois officials regarding the state’s 0.2% tax on cryptocurrency, expected...

Crypto advocates join in suing Illinois over digital asset tax

The Crypto Council for Innovation and the Blockchain Association added another lawsuit against the state for its recently approved 0.2% crypto tax.

Digital Chamber Sues Illinois Officials over 0.2% Crypto Tax

Cointelegraph is committed to providing independent, high-quality journalism across the crypto, blockchain, AI, and fintech industries.All news, reviews, and analyses are produced with full...

Crypto lobby group TDC sues Illinois to block digital asset tax

A crypto lobbying organization has sued the state of Illinois over a last-minute tax provision inserted into the state budget last month.TDC (otherwise known...

Kalshi Sues Illinois Officials over Prediction Markets Restrictions

Prediction markets company Kalshi has filed a lawsuit against state officials in Illinois over legislation it says “expressly bans sports event contracts” on its...

Illinois Enacts the Strictest Digital-Asset Tax in the US as Industry Group Urges Veto

Illinois Governor JB Pritzker has signed SB 3019, the Digital Asset Privilege Tax Act, making the state the first in the country to impose...

Crypto industry aghast at Illinois’ new tax on holding or transferring digital assets in state budget

The crypto industry is pushing back against a new tax law in the state of Illinois that enacts a 0.2% tax on businesses transacting...

Illinois Governor Signs Illinois Budget Including Crypto Tax

Illinois is going ahead with a 0.2% "privilege tax" on crypto transactions involving its residents under a new $55.9 billion state budget bill signed...

Crypto Tax in Illinois FY2027 Budget is One Step Away from Becoming Law

Some digital asset industry advocates are pushing back against a provision in a $56 billion state budget passed by the Illinois General Assembly on...

New York, Illinois Ban Officials From Prediction Markets

New York Governor Kathy Hochul has signed an executive order banning state employees from betting on prediction markets, following a similar move by Illinois...