Crypto advocacy groups oppose Illinois digital asset tax in court

Crypto Insight Summary: Following a similar lawsuit filed by the Digital Chamber in July, two digital asset advocacy groups challenged Illinois’ 0.2% crypto tax on constitutional and due process grounds. Crypto Insight Analysis: Direction: Bullish GT / BNB / OKB / HT / KCS Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Legal challenges to crypto taxes signal potential for favorable regulatory outcomes.