Illinois’ planned digital-asset tax is heading back into the courts faster than its timeline for enforcement. The Crypto Council for Innovation (CCI) and
- Industry groups CCI and Blockchain Association are urging an Illinois court to expedite a lawsuit challenging the state's new digital-asset tax.
- The tax is currently set to take effect in July 2027, with enforcement delayed by six months due to ongoing litigation.
- The groups seek an early decision on the tax's legality to reduce uncertainty for businesses and investors.
Topics: Legal regulatory, Jurisdictions, Compliance, Securities law classification, Regulatory sandboxes pilots, Aml antimoneylaundering
Tags: #illinois #cryptotax #digitalassettaxact #blockchainassociation #cryptocouncilforinnovation #lawsuit #summaryjudgment #legalchallenge #enforcementdelay
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