Digital Chamber Sues Illinois to Block Digital Asset Tax Act
The complaint argues the 2027 levy is a sales tax applied to assets Illinois already classifies as non-possessory, double-taxing what the state itself has said does not exist as property.
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The complaint argues the 2027 levy is a sales tax applied to assets Illinois already classifies as non-possessory, double-taxing what the state itself has said does not exist as property.
The 0.2% levy takes effect in January and singles out blockchain infrastructure specifically. TDC's filing argues it violates the Commerce Clause, state uniformity rules, and the federal Internet Tax…
The 0.2% Digital Asset Tax Act takes effect January 2027 and targets crypto brokers in a way no other state taxes stocks or bonds — industry lawyers say it will trigger geoblocking and capital flight.
A 24-hour wrap of the moves that mattered — a 1,550 BTC treasury buy, a sentiment index deep in extreme fear, the Clarity Act clearing committee, and a fresh US push on digital asset tax law.