The motion for a preliminary injunction comes a few weeks after the Crypto Council for Innovation and Blockchain Association sued to block the law.
- The Crypto Council for Innovation and the Blockchain Association asked an Illinois court to block the state’s new 0.2 percent digital asset tax before it takes effect Jan. 1, 2027.
- The groups argue that federal law and the Constitution pre-empt the tax and that companies face irreparable harm from spending millions of dollars on compliance systems.
- The industry warns that the tax treats digital assets differently from other financial services and could become a model for other states if upheld.
Newsletters
- 1 Payments firm OpenPayd targets year-end Nasdaq listing to fund U.S. expansion and acquisitions 5 hours ago
- 2 Crypto job postings triple to over 1,200 in September, but applications fall 5 hours ago
- 3 Cathie Wood says smart investors need to start watching where AI agents spend money 6 hours ago
- 4 Crypto's Sisyphean struggle 8 hours ago
- 5 BlackRock offers a glimpse of how tokenization may change your investment portfolio 8 hours ago
- 6 Bank group sues U.S. regulator over granting crypto trust charters 23 hours ago
- 7 BNY in talks with Kraken parent Payward over infrastructure partnership 1 day ago
- 8 Once a $2 billion Ethereum layer-2, Blast is shutting down after assets plunge 98% 1 day ago
- 9 Trump’s potential AI czar, Jay Clayton, helped pioneer the SEC’s crypto crackdown 1 day ago
- 10 America at a crossroads: Commissioner Peirce’s parting challenge 1 day ago
The Definitive Stablecoin Landscape Series: Asia Pacific
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Why it matters :
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Bank group sues U.S. regulator over granting crypto trust charters
SEC proposes new crypto custody rules for investment advisers and funds
Another Trump memecoin dinner advertised for token's top investors
Original sourceCoinDesk
The original source remains the canonical version for attribution, rights, and later updates.
Read original ↗Disclaimer: This article is for information only and does not constitute investment advice. Digital assets involve substantial risk.
← Back to latest