Crypto groups sue Illinois over newly approved 0.2% digital asset tax

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The Crypto Council for Innovation and the Blockchain Association have filed a lawsuit against the state of Illinois over its recently enacted cryptocurrency tax. The tax, set at 0.2%, targets digital asset transactions and has drawn strong opposition from industry groups. This legal action adds to existing litigation already challenging the measure. The two organizations argue the tax is harmful to the crypto industry and are seeking to have it overturned.

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