{"id":2943,"date":"2026-07-22T01:54:52","date_gmt":"2026-07-22T01:54:52","guid":{"rendered":"https:\/\/xrpfaucet.site\/?p=2943"},"modified":"2026-07-22T01:54:52","modified_gmt":"2026-07-22T01:54:52","slug":"crypto-lobby-group-tdc-sues-illinois-to-block-digital-asset-tax","status":"publish","type":"post","link":"https:\/\/xrpfaucet.site\/?p=2943","title":{"rendered":"Crypto lobby group TDC sues Illinois to block digital asset tax"},"content":{"rendered":"<div class=\"crypto-article\">\n<p>\ud83d\udcf0 <strong>Exclusive Crypto News &#038; Analysis:<\/strong> Stay ahead with the latest developments in the cryptocurrency and blockchain space.<\/p>\n<p>\ud83d\udcc8 <strong>Market Update:<\/strong> Real-time price movements, technical analysis, and trading signals.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/cdn.sanity.io\/images\/s3y3vcno\/production\/f541dec5f8defc49e838f4bdf43486810a8d38ad-3465x2131.jpg?fm=jpg&amp;w=1920&amp;h=1080&amp;crop=focalpoint&amp;fit=clip\" \/><\/p>\n<div>\n<p>A crypto lobbying organization has sued the state of Illinois over a last-minute tax provision inserted into the state budget last month.<\/p>\n<p>The Digital Chamber alleged that Illinois&#8217; Digital Asset Tax Act violated both the U.S. and state constitutions and is preempted by a federal tax law. <a href=\"https:\/\/digitalchamber.wpenginepowered.com\/wp-content\/uploads\/2026\/07\/TDC-v-Illnois-Dept-of-Rev.-7.21.26.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">The lawsuit<\/a>filed Tuesday, asks a federal judge to block the Illinois state government from enforcing the tax.<\/p>\n<p>The tax violates the Illinois state constitution&#8217;s uniformity and due process clauses, the Commerce Clause of the U.S. Constitution and the Internet Tax Freedom Act by specifying digital asset transactions, the suit said.<\/p>\n<p>The Digital Asset Tax Act was <a href=\"https:\/\/www.coindesk.com\/policy\/2026\/06\/17\/crypto-industry-aghast-at-illinois-new-tax-on-holding-or-transferring-digital-assets-in-state-budget\">passed and approved<\/a> on short notice last month, right before the Illinois state government wrapped up its session for the year. The 0.2% tax applies to any entities that are based in Illinois or provide services with gross receipts of over $100,000. The tax takes effect in January.<\/p>\n<p>TDC&#8217;s lawsuit said the Internet Tax Freedom Act alone created a rule that &#8220;electronic commerce would not be subjected to discriminatory state and local taxation.&#8221;<\/p>\n<\/div>\n<p>\ud83d\udca1 <strong>Pro Tip:<\/strong> Bookmark our site for daily insights, market predictions, and expert trading strategies.<\/p>\n<p>\ud83d\udd17 <strong>Explore More:<\/strong> Check our sections for in-depth guides, exchange reviews, and blockchain technology deep-dives.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\ud83d\udcf0 Exclusive Crypto News &#038; Analysis: Stay ahead with the latest developments in the cryptocurrency and blockchain space. \ud83d\udcc8 Market Update: Real-time price movements, technical analysis, and trading signals. A crypto lobbying organization has sued the state of Illinois over a last-minute tax provision inserted into the state budget last month. The Digital Chamber alleged &hellip;<\/p>\n","protected":false},"author":1,"featured_media":2944,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","_seopress_robots_follow":"","_seopress_robots_imageindex":"","_seopress_robots_snippet":"","_seopress_robots_primary_cat":"","_seopress_robots_breadcrumbs":"","_seopress_robots_freeze_modified_date":"","_seopress_robots_custom_modified_date":"","_seopress_robots_canonical":"","_seopress_social_fb_title":"","_seopress_social_fb_desc":"","_seopress_social_fb_img":"","_seopress_social_fb_img_attachment_id":0,"_seopress_social_fb_img_width":0,"_seopress_social_fb_img_height":0,"_seopress_social_twitter_title":"","_seopress_social_twitter_desc":"","_seopress_social_twitter_img":"","_seopress_social_twitter_img_attachment_id":0,"_seopress_social_twitter_img_width":0,"_seopress_social_twitter_img_height":0,"_seopress_redirections_value":"","_seopress_redirections_enabled":"","_seopress_redirections_enabled_regex":"","_seopress_redirections_logged_status":"","_seopress_redirections_param":"","_seopress_redirections_type":0,"_seopress_analysis_target_kw":"","footnotes":""},"categories":[10],"tags":[433],"class_list":["post-2943","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-tax"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/posts\/2943","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2943"}],"version-history":[{"count":0,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/posts\/2943\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/media\/2944"}],"wp:attachment":[{"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2943"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2943"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2943"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}