Policy
Illinois Crypto Transaction Tax Faces Industry Lawsuit
Crypto Daily·July 22, 2026·1 min read
The Digital Chamber filed a lawsuit targeting Illinois' 0.2% crypto transaction tax ahead of its January 1, 2027 start date. A repeal bill, HB 5798, has surfaced, and the CFTC chief criticized the plan. The legal challenge aims to block the tax, which would apply to digital asset transactions in the state.
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