CCI and Blockchain Association Sue Illinois Over 0.2% Digital Asset Tax

CCI and the Blockchain Association have filed a lawsuit against Illinois officials opposing the 0.2% cryptocurrency tax set to take effect in January 2027. The tax is levied based on transaction volume, and the lawsuit was submitted to the Sangamon County Seventh Judicial Circuit Court, claiming that the tax violates the U.S. Constitution, the Illinois Constitution, and relevant laws, potentially leading to double taxation. The lawsuit points out that the tax regulations are vague, increasing compliance burdens for residents and brokers, and exposing them to civil and criminal penalties. Blockchain Association CEO Summer Mersinger stated that Illinois should not implement a tax system that discriminates against digital businesses, adding uncertainty for consumers and enterprises. The Digital Chamber also filed a similar lawsuit in July regarding the same tax, arguing that it discriminates against digital asset traders.

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