Illinois will postpone implementation of crypto tax following lawsuit
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Illinois Delays Controversial Crypto Tax Amid Industry Lawsuit
Illinois officials and crypto groups jointly asked a state court to delay the 0.2% Digital Asset Tax from Jan. 1 to July 1, 2027, while a legal challenge continues.
Trade groups seek to block Illinois crypto tax before January effective date
Following on their earlier lawsuit, CCI and the Blockchain Association seek to block Illinois’ 0.2% crypto tax, arguing it is unconstitutional and would impose costly compliance burdens.
Illinois draft crypto tax rules detail DeFi, stablecoin treatment
Illinois’ draft rules spell out how its 0.2% digital asset transaction tax would apply to stablecoins, DeFi platforms, crypto bridges and self-custody transfers.
Crypto Tax Bill Clears House Committee After Clarity Act Setback
The bill would exempt qualifying crypto fees from gain-or-loss calculations and restrict tax-loss deductions on tokens sold and quickly repurchased.
US House tax committee advances crypto tax overhaul in 38–5 vote
A bipartisan House committee vote advanced legislation that would reshape federal tax rules for stablecoins, staking, crypto lending and digital asset transactions.
US House crypto tax package omits mining, staking reward deferral
The 114-page bill would change the tax treatment of crypto fees, stablecoins and lending while leaving existing reward-tax timing unchanged.