Organizations join forces to fight Illinois crypto tax, after 6-month pause
Illinois officials already agreed to delay implementation of a 0.2% tax on crypto assets, but industry-aligned organizations are pushing for summary judgment on the merits.
Illinois officials recently agreed to delay the implementation of a 0.2% tax on crypto assets until July 1, 2027. Industry-aligned organizations, including the Crypto Council for Innovation (CCI) and Blockchain Association (BA), are now pushing for a summary judgment on the tax's merits. The organizations filed a request in the Circuit Court of Sangamon County to expedite the summary judgment process and reach a decision on the tax's lawfulness as quickly as possible.
The Digital Chamber and Illinois Blockchain Association have also filed separate lawsuits against Illinois state officials, raising concerns about the tax's legality and public feedback. CCI CEO Ji Kim emphasized the importance of determining the tax's merits as soon as possible. The expedited schedule, subject to court approval, could result in a decision by March.
Meanwhile, Blockchain Association CEO Summer Mersinger is set to step down later this month, with Kristin Smith taking over as interim CEO until the end of 2026.
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