The CCI and Blockchain Association are moving to block Illinois' planned 0.2% crypto tax before it goes live in January. This push follows an earlier lawsuit and aims to stop the new rule from ever taking effect.

What's Going On

Industry groups are scrambling to halt Illinois' 0.2% tax on crypto transactions before the rollout date. This is the latest round in an ongoing legal battle they've been fighting for months.

The Industry's Case

Both CCI and the Blockchain Association argue the proposed crypto tax is unconstitutional and would pile on major compliance costs for companies dealing with digital assets.

What's Next for the Market

The groups want to freeze the tax before it becomes law in January. Everyone in the Illinois crypto scene is watching closely, since the outcome could seriously impact regulatory burdens and day-to-day operations in the state.