Two cryptocurrency industry groups in Illinois have sued the state government in an effort to block a new digital asset tax, according to Techub News, which cited Crypto.news. The proposed tax is scheduled to take effect in 2027 and would be imposed on exchanges and custodians. The rate is set at 0.2%. The brief report did not identify the two groups by name or provide further details about the legal filing, but it makes clear that the case is aimed at stopping the planned levy before it comes into force. The dispute centers on a state-level tax proposal that would apply to parts of the digital asset industry operating through exchange and custody services.
Two cryptocurrency industry groups in Illinois have sued the state government to stop a new digital asset tax, Techub News reported, citing Crypto.news.
Under the current plan, the tax would start in 2027 and would be collected from exchanges and custodians at a rate of 0.2%.
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