Blockchain Groups and the Illinois Government Seek Expedited Review of Digital Asset Tax Law

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Blockchain groups and the Illinois government seek expedited review of digital asset regulation under the Digital Asset Tax Law. The Blockchain Association and the Crypto Innovation Council, along with the Illinois government and other industry organizations, have filed a joint motion with the Sangamon County Circuit Court. The Illinois government has agreed to an injunction delaying the law’s implementation until July 1, 2027. The proposed schedule includes motions for summary judgment, with the first due on November 4, 2026, and all documents to be submitted by January 22, 2027. The case also involves compliance with CFT (Countering the Financing of Terrorism) requirements.

Odaily Planet Daily News: The Blockchain Association, the Crypto Innovation Council, in collaboration with the State of Illinois, the Digital Chamber, and the Illinois Blockchain Association, have filed a joint motion with the Sangamon County Circuit Court requesting an expedited review of two lawsuits challenging Illinois’ Digital Asset Tax Act. The State of Illinois has agreed to issue an injunction suspending the effective date and enforcement of the law until July 1, 2027. The parties have proposed an accelerated schedule for filing motions for summary judgment, with the first motion due on November 4, 2026, and all related filings to be completed by January 22, 2027.

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