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    Home»Crypto & Blockchain

    Crypto Groups Press Court to Expedite Suit on Illinois Crypto Tax

    NCIJ NETWNCIJ NETWORKBy NCIJ NETWNCIJ NETWORKOctober 14, 2026 Crypto & Blockchain No Comments2 Mins Read
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    The Crypto Council for Innovation (CCI) and Blockchain Association (BA) said they would join the Digital Chamber and others to push for a court to address the merits of a lawsuit over Illinois’s digital-asset tax, set to take effect in 2027. 

    In a Tuesday filing in the Circuit Court of Sangamon County, the crypto advocacy organizations asked the court to approve an expedited schedule for summary judgment “to reach a decision on the tax’s lawfulness as quickly as possible.” The filing cited the CCI’s and BA’s lawsuit against Illinois state officials, as well as one filed separately by the Digital Chamber and Illinois Blockchain Association.

    “While pausing enforcement of the Digital Asset Tax Act protects Illinois consumers and businesses from this onerous and legally flawed tax until July 1, it remains imperative that the merits are determined as soon as possible,” said CCI CEO Ji Kim. 

    Earlier this month, Illinois officials agreed to delay implementation of the 0.2% crypto tax law for six months, from Jan. 1 to July 1, 2027. The decision, part of the Digital Chamber’s lawsuit, came in response to claims that the digital asset tax had been “slipped into the state’s budget” without debate or public feedback. Digital Chamber CEO Cody Carbone said at the time that the organization would continue with legal proceedings “until this tax is struck down for good.”

    Related: French lawmakers back stablecoin swap tax in 2027 budget bill

    The expedited schedule, subject to court approval, could allow a decision on the merits of the law by March.

    Leadership shakeup at Blockchain Association this week

    On Friday, Summer Mersinger is scheduled to step down as CEO of the Blockchain Association as part of a leadership transition. Mersinger joined the advocacy group last year after resigning from the US Commodity Futures Trading Commission.

    Kristin Smith, the organization’s former CEO, will step in as interim head, though Mersinger is expected to stay on until the end of 2026.

    Magazine: ‘Bunker mode’ won’t protect your crypto, critics say

    Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
    court Crypto Expedite Groups Illinois press Suit tax
    NCIJ NETWNCIJ NETWORK
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