Regarding the taxation of cryptocurrency transactions, the Director of the Illinois Department of Revenue and the State Attorney General have agreed to postpone the enforcement date of the 'Digital Asset Tax Act' from January 1, 2027, to July 1, 2027, and have jointly filed for a preliminary injunction with the court.
This measure follows a lawsuit filed by industry groups, The Digital Chamber and the Illinois Blockchain Association, which The Digital Chamber disclosed on October 1.
The plaintiffs argue that the law violates the uniformity clause of the Illinois Constitution...
