Illinois Crypto Tax Faces Legal Challenge From Industry Leaders

TL;DR: The Illinois Digital Asset Tax Act establishes a 0.2% levy on the total value of every trade, transfer, or custody transaction executed through a broker. The U.S. Department of Justice, the Chamber of Commerce, SIFMA, and a coalition led by a16z and Uniswap filed court briefs in November 2026 opposing the rule. The state of Illinois agreed in October 2026 to pause the implementation of the tax until July 1, 2027, while litigation proceeds in state courts. A coalition comprising the U.S. Department of Justice , traditional banking associations, and firms from the decentralized sector filed several court briefs in November 2026 to block the Illinois crypto tax .

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