The Digital Chamber is suing Illinois over a 0.2% state crypto transaction tax.
Regulation & Gov ·
The Digital Chamber has filed a lawsuit challenging Illinois's newly enacted law that would levy a 0.2% tax on digital asset transactions. The legal action represents an effort to block implementation of the state tax before it takes effect.
The Illinois law imposes a transaction fee on crypto trades conducted within the state. The Digital Chamber, an industry advocacy group, argues the tax should not be permitted to proceed, though the specific legal grounds for the challenge are not detailed in available reporting.
The outcome of the litigation and timeline for resolution remain unclear. No information is available regarding the state's planned defense, the court's expected schedule, or whether other industry groups plan to join the challenge.