Crypto groups challenge Illinois 0.2% tax ahead of January start

The Crypto Council for Innovation (CCI) and the Blockchain Association are seeking to stop Illinois from introducing a 0.2% tax on cryptocurrency transactions before the measure takes effect in January. The groups have continued their legal challenge, arguing that the tax is unconstitutional and would create costly compliance obligations for businesses in the crypto sector. Their latest action follows an earlier lawsuit against the Illinois measure. The dispute places the tax’s implementation under legal scrutiny ahead of its scheduled effective date, though the supplied information does not indicate whether a court has issued a decision or delayed the policy. The case could affect how crypto-related companies operating in Illinois prepare for the proposed levy, but no specific impact on individual digital assets was provided.