# Illinois Crypto Tax Faces Legal Challenge | Bitcoin and Crypto News

Page: https://stenobird.com/podcast/bitcoin-crypto-news-today-2-min-news-the-daily-news-now-7492376/illinois-crypto-tax-faces-legal-challenge-bitcoin-and-crypto-news
Text version: https://stenobird.com/podcast/bitcoin-crypto-news-today-2-min-news-the-daily-news-now-7492376/illinois-crypto-tax-faces-legal-challenge-bitcoin-and-crypto-news.md
Podcast: [Crypto News Today | 2 Min News | The Daily News Now!](https://stenobird.com/podcast/bitcoin-crypto-news-today-2-min-news-the-daily-news-now-7492376)
Published: 2026-09-09T17:26:35+00:00
Episode link: https://sources.thednn.ai/f1b4394a4cf21ab5
Audio file: https://api.fastcast.ai/audio/2444191f-b8b7-4642-bd44-93b8c3dbb9f2.mp3
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Duration seconds: 107

## Resource

Illinois is poised to slap a 0.2% tax on every crypto trade starting January 2027, but major industry groups are fighting back—calling it unconstitutional and a costly burden. The Crypto Council for Innovation and Blockchain Association have filed a motion to block the tax before it launches, citing violations of state and federal law, including due process and internet taxation principles. Governor JB Pritzker defended it as a “privilege tax” based on trading volume, not profit, but critics warn this could set a dangerous precedent nationwide. Meanwhile, Illinois is also targeting prediction markets, sparking lawsuits over contract bans that clash with federal rules. As legal battles intensify, the showdown highlights the growing tension between regulators and the evolving digital finance sector. Listen in comfort: Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN: advertise@thednn.ai This is an automated, high-level news summary based on public reporting. Report issues to feedback@thednn.ai. View sources & latest updates: https://sources.thednn.ai/f1b4394a4cf21ab5

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