The Digital Chamber sues Illinois over incoming crypto transaction tax
The Digital Chamber is taking Illinois to court over its decision to pass a law imposing a 0.2% tax on digital asset transactions.
The Block•Sarah Wynn21 JulIllinois — page 4
Place · 100 articlesCoverage, page 4
page 4 of 5The Block•Sarah Wynn21 Jul
Average Illinois Resident Carried $54,100 in Household Debt Last Year
The average person in Illinois owed $54,100 in household debt in 2025, down $745 from the prior year when adjusted for inflation.
The Daily Hodl•Daily Hodl Staff19 Jul
Under 17 Hours: Gulfstream G800's Melbourne-Illinois Flight Is Fastest, Farthest In Business Jet History
The G800's incredible journey from Australia to the US state of Illinois sets a new benchmark for speed and distance in the business jet market.
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Gulfstream G800 completes farthest and fastest flight in business aviation history
Gulfstream’s G800 has completed what the company said is the farthest and fastest flight in business aviation history, covering 8,303nm (15,377km) from Melbourne, Australia, to Moline, Illinois, on June 28 [...]
Business Airport International•Web Team7 Jul
What states can still do to crypto after GENIUS and CLARITY
Illinois just became the first state to tax crypto by the transaction. The new 0.2% levy hits nearly every trade, transfer, or custody service an exchange runs for an Illinois resident, and it takes effect January 1, 2027. Governor JB Pritzker signed the Digital Asset Tax Act in mid-June, tucked inside a $55.9 billion budget. […]
CryptoSlate•Andjela Radmilac29 Jun
Illinois Resident Loses $5,000 in Zelle Bank Scam: Report
An Illinois resident has lost $5,000 after a spoof call led her to send money via Zelle under the guise of securing her bank account. Susie Allgood says she received a call from someone claiming to be from Zelle who works with Huntington Bank. The caller had her bank’s routing number and said she needed […]
The Daily Hodl•Daily Hodl Staff29 Jun
Kalshi blasts Illinois sports betting law with fresh lawsuit
Kalshi has filed a federal lawsuit challenging a new Illinois law that would require prediction market platforms offering sports event contracts to obtain state licenses before operating. According to a filing submitted Tuesday in the U.S. District Court for the…
Kalshi Sues Illinois Over New State Tax on Sports-Related Prediction Markets
Illinois is set to institute a new tax on prediction markets next week that would take 15% of gross receipts from sports-related wagers.
Kalshi sues Illinois officials over prediction markets restrictions
The prediction markets company claimed that it would be “irreparably harmed” when an Illinois law signed as part of a budget package goes in effect on July 1.
Cointelegraph•Turner Wright24 Jun
Kalshi sues Illinois over new prediction markets regulatory law
The legal battle over prediction markets could redefine federal vs. state regulatory powers, impacting the future of financial innovation.
CryptoBriefing•Editorial Team24 Jun
Kalshi sues Illinois, Pritzker over state bill implementing prediction markets regulatory regime
Kalshi is taking the state of Illinois to court over its new law that establishes a regulatory regime for prediction markets.
The Block•Sarah Wynn24 JunA
Air Race Classic Launches From Illinois
Forty-six teams will fly the all-women cross-country event over four days.
AVweb•Matt Ryan23 Jun
Saylor’s STRC Faulters, Uniswap Gets a Boost, And More – Week In Review
This week’s crypto stories cut across market structure, adoption, sentiment, and policy. STRC’s sharp drop stress-tested Saylor’s bitcoin credit machine, UNI rallied on fresh long-term optimism, and Latin America extended its lead in stablecoin use for payments. Ethereum also came under fire from critics, calling it a lost-decade asset, while Illinois approved a new crypto […]
Bitcoin.com News•Alex Richardson20 Jun
Illinois Governor JB Pritzker Greenlights Crypto Tax of 0.2% on Every Transfer Starting 2027
Illinois has enacted a 0.2% tax on digital asset transfers that will apply whether a trade ends in profit or loss, beginning Jan. 1, 2027. Industry groups have branded the measure the most punitive crypto tax in the U.S. and are already pushing for a repeal. A Tax on Movement, Not Profit Illinois has become […]
Bitcoin.com News•Shiraz Jagati19 Jun
Illinois becomes first US state to tax digital asset transactions with new 0.2% levy
Illinois' digital asset tax may drive crypto businesses to relocate, impacting the state's tech ecosystem and innovation landscape.
CryptoBriefing•Editorial Team18 Jun
Illinois passes law to tax crypto transfers starting 2027
Illinois' crypto tax may deter businesses, potentially stifling innovation and economic growth while prompting investors to seek alternatives.
CryptoBriefing•Editorial Team18 Jun
Illinois’ new crypto tax puts users under a burden stocks do not face
Illinois Gov. J.B. Pritzker has signed a $55.9 billion state budget that includes a first-of-its-kind 0.2% tax on crypto assets. The Digital Asset Tax Act, nested deeply within the broader revenue package of Senate Bill 3019, establishes a novel privilege tax on the exchange, transfer, and custody of cryptocurrencies. Beginning January 2027, digital asset brokers […]
CryptoSlate•Oluwapelumi Adejumo18 Jun
Illinois Crypto Tax Draws Industry Pushback After SB3019 Becomes Law
Illinois has enacted SB3019, introducing a 0.2% digital asset tax from 2027 and drawing criticism from crypto industry groups.
NewsBTC•NewsBTC Editorial Team18 Jun
Coinbase CEO Warns Illinois Crypto Tax Could Kill Blockchain Innovation
The CEO of Coinbase, Brian Armstrong, severely criticized the upcoming Illinois’ crypto tax law, noting that it could be detrimental to blockchain innovation and employment. Specifically, Armstrong noted that such legislation could force blockchain innovation away from Illinois, creating extra complications for those who develop products based on blockchain technology.
TheNewsCrypto•Lakshya Baskar18 Jun
Illinois Passed the Most Anti-Crypto Law in the US: Miles Jennings
Critics say the measure effectively singles out digital assets for taxation based on technology rather than activity.