A leading industry group is taking legal action against a state tax law that singles out blockchain-based assets for special treatment. The Digital Chamber alleges the Digital Asset Tax Act in Illinois imposes a 0.2% […]
Digital Chamber seeks to block Illinois’ 0.2% Digital Asset Tax before 2027. Lawsuit claims blockchain transactions face unfair and discriminatory taxation. Case challenges the tax under constitutional and federal commerce protections. The Digital Chamber has […]
TLDR The Digital Chamber filed a lawsuit seeking to block Illinois’ incoming crypto transaction tax. Governor JB Pritzker signed the 0.2% digital asset levy into law on June 16. Qualifying businesses would pay tax on […]
Household debt levels for residents of one major state show a modest decline in the latest annual figures. The average person in Illinois owed $54,100 in debt in 2025, says USAFacts. According to USAFacts, the […]
A major drug company has agreed to pay millions to settle accusations of illegally inflating generic medication prices. Glenmark will pay $29.6 million to resolve claims brought by dozens of states. The lawsuit accused the […]
A city employee has fallen for a phone scam impersonating a bank representative, resulting in nearly $1.1 million being stolen from municipal bank accounts through unauthorized transfers. The incident occurred when the employee disclosed sensitive […]
TLDR CFTC Chair Michael Selig criticized Illinois for approving a 0.2% tax on crypto transactions. Selig said Illinois lawmakers “decided they know better” than federal officials working on crypto rules. The Illinois crypto tax will […]
An Illinois resident has lost $5,000 after a spoof call led her to send money via Zelle under the guise of securing her bank account. Susie Allgood says she received a call from someone claiming […]
Illinois has moved forward with a new digital asset tax, giving the crypto industry another state-level policy fight to watch as regulation increasingly shifts beyond Washington. TL;DR Illinois SB3019 has become law and includes a […]
Illinois has opened a new front in state-level crypto regulation after Governor J.B. Pritzker signed a budget package containing the Digital Asset Tax Act, a measure industry groups are already attacking as one of the […]
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