Digital Chamber sues Illinois over new 0.2% crypto tax, calls it discriminatory

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The Digital Chamber, a crypto advocacy group, has filed a lawsuit against Illinois officials over a new state tax on digital asset transactions. The tax, which imposes a 0.2% levy on digital asset transactions, was signed into law in June. The group alleges that the tax discriminates against individuals who transact in digital assets and seeks to block its implementation and enforcement. The lawsuit argues that the tax unfairly targets crypto users and could stifle innovation in the state. The outcome of this legal challenge could have broader implications for state-level crypto taxation across the U.S.