Crypto Groups Join Legal Fight Against Illinois Digital-Asset Tax, Seek Fast Ruling

fiverr
Bybit


On Thursday, October 15, 2026, Cointelegraph reported that two major crypto advocacy groups have joined a legal challenge against Illinois’s planned digital-asset tax, urging a state court to rule on the law’s merits as soon as possible.

The Crypto Council for Innovation (CCI) and the Blockchain Association (BA) said they will team up with the Digital Chamber and other parties in the dispute over the tax, which is scheduled to take effect in 2027.

In a filing submitted Tuesday in the Circuit Court of Sangamon County, the organizations requested approval of an expedited summary judgment schedule. They said the aim is to settle the question of the tax’s lawfulness quickly.

The filing references the lawsuit CCI and BA brought against Illinois state officials, along with a separate case lodged by the Digital Chamber and the Illinois Blockchain Association.

itrust

CCI CEO Ji Kim said the enforcement pause shields Illinois consumers and businesses from the levy until July 1, but he stressed that a ruling on the merits remains urgent.

Earlier this month, Illinois officials agreed to push back implementation of the 0.2% tax on digital assets by six months, moving the start date from Jan. 1 to July 1, 2027. The delay emerged from the Digital Chamber’s lawsuit, which alleged the measure was inserted into the state budget without debate or public input.

Digital Chamber CEO Cody Carbone said at the time that the group would continue its legal fight until the tax is struck down permanently.

If the court approves the proposed timeline, a decision on the law’s merits could arrive by March.

Separately, the Blockchain Association is undergoing a leadership change. CEO Summer Mersinger is set to step down Friday. She joined the group last year after leaving the US Commodity Futures Trading Commission.

Kristin Smith, the association’s former CEO, will serve as interim head, while Mersinger is expected to remain with the organization through the end of 2026.

Source: Cointelegraph



Source link

Ledger

Be the first to comment

Leave a Reply

Your email address will not be published.


*