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Crypto· Crypto Regulation

Trade groups seek to block Illinois crypto tax before January effective date

The Crypto Council for Innovation and the Blockchain Association asked an Illinois court on Sept. 9, 2026, for a preliminary injunction blocking enforcement of the states 0.2% cryptocurrency transaction tax before it takes effect on Jan. 1, 2027. The trade groups argue the levy is unconstitutional, conflicts with federal and state law, and is already forcing companies to spend heavily on compliance under threat of penalties.

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