Crypto Council for Innovation and Blockchain Association join push to challenge Illinois digital asset tax

The Crypto Council for Innovation (CCI) and Blockchain Association (BA) have joined the Digital Chamber and others in filing a request with the Circuit Court of Sangamon County to approve an expedited schedule for summary judgment regarding Illinois's digital-asset tax, which is set to take effect in 2027. This action follows a six-month pause of the 0.2% crypto tax implementation, from January 1 to July 1, 2027, agreed upon by Illinois officials, in response to claims that the tax was included in the state's budget without public debate or feedback. CCI CEO Ji Kim said that while the pause protects consumers and businesses, determining the tax's lawfulness must happen as soon as possible, with an expedited schedule potentially allowing a decision by March.