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Illinois Crypto Tax Sparks Lawsuit from Blockchain Advocates

Guavy AI Editorial Team
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Crypto advocacy groups, including the Crypto Council for Innovation (CCI) and Blockchain Association (BA), have filed a lawsuit against Illinois officials over the state's 0.2% tax on cryptocurrency.

The tax is set to take effect in January 2027, but CCI and BA argue that it violates the US Constitution, the state's constitution, federal and state due process laws, and the federal Internet Tax Freedom Act.

In a statement, Summer Mersinger, CEO of the Blockchain Association, said:

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