Earlier this month, Illinois officials agreed to delay implementation of the 0.2% crypto tax law for six months, from Jan. 1 to July 1, 2027. The decision, part of the Digital Chamber’s lawsuit, came in response to claims that the digital asset tax had been “slipped into the state’s budget” without debate or public feedback. Digital Chamber CEO Cody Carbone said at the time that the organization would continue with legal proceedings “until this tax is struck down for good.”
The expedited schedule, subject to court approval, could allow a decision on the merits of the law by March.
Leadership shakeup at Blockchain Association this week
On Friday, Summer Mersinger is scheduled to step down as CEO of the Blockchain Association as part of a leadership transition. Mersinger joined the advocacy group last year after resigning from the US Commodity Futures Trading Commission.
Kristin Smith, the organization’s former CEO, will step in as interim head, though Mersinger is expected to stay on until the end of 2026.
