18 Crypto Firms Seek to Join Court Fight Over Illinois’ 0.2% Crypto Tax

Under Illinois’ Digital Asset Tax Act, a broker that exchanges, transfers or holds a digital asset for a customer in Illinois must collect 0.2% of the asset’s value each time. The tax, created by Public Act 104-468, is set by statute to begin Jan. 1, 2027. In October, Illinois officials and The Digital Chamber jointly asked the court to delay it to July 1, 2027, Cointelegraph reported , saying the Blockchain Association case’s status under the deal was unclear. Unchained could not confirm the court approved it. Commodity Futures Trading Commission Chairman Michael Selig called the law effectively a “sin tax” on blockchain technology in a July 1 op-ed .

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