Tag: Illinois

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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...

CFTC sues Illinois over state’s cease-and-desist letters against prediction markets

The U.S. Commodity Futures Trading Commission and Department of Justice filed a lawsuit against Illinois and various state officials on Thursday over the state's...

Fairshake’s $10 million Illinois misfire marks first big hitch in crypto political surge

Losing a race is unusual for the crypto industry's political action committee, Fairshake, which has recorded a dominant record in the past two congressional...

Crypto Ties a Liability in Illinois Primary

Not all voters are sold on crypto, and in Illinois, the crypto industry lobby failed to secure a victory, despite spending millions. On Tuesday, Illinois...

Crypto loses Illinois Senate vote but Fairshake Super PAC vows to fight on with $221m war chest ahead of 2026 midterms – DL News

Stratton defeats pro-crypto Krishnamoorthi in Illinois Democratic Senate primary.Crypto has a a $221 million war chest to deploy in the 2026 election cycle.Voters have...