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Chamber is a digital vault that secures user documents, notes, and passwords for the unexpected. Chamber secures ETH, USDC and other digital assets with the devices user already own and trust.
Crypto industry lobbying group asks court to halt Illinois digital assets tax
According to CoinDesk, the Crypto Council for Innovation (CCI) and the Blockchain Association filed a motion for a preliminary injunction with an Illinois court on Wednesday, seeking to halt the state's Digital Assets Tax Act before its effective date of January 1, 2027. The tax act was passed on the final day of this year's legislative session, imposing a 0.2% rate on entities headquartered in the state or providing services there with annual gross revenues exceeding $100,000. Both organizations previously sued the bill alongside the Digital Chamber last month, alleging it violates the principle of federal preemption. The filing states that member enterprises have already suffered "irreparable harm" due to the necessity of building compliance systems. CCI CEO Ji Hun Kim stated that businesses are required to spend millions of dollars developing systems for a tax that is unconstitutional and unclear in both scope and timing; Blockchain Association CEO Summer Mersinger stated that since the state cannot collect the relevant taxes during the litigation, "[t]he loss to the state government from waiting is minimal, while the loss to all parties if they continue to proceed would be significant."
Blockchain Association and CCI File for Injunction to Halt Illinois' 0.2% Digital Asset Transaction Tax
Odaily News – The Blockchain Association and the Innovative Crypto Council (CCI) have filed a motion for a preliminary injunction with the Circuit Court of Sangamon County, Illinois, seeking to halt the 0.2% digital asset franchise transaction tax scheduled to take effect on January 1, 2027, during the pendency of litigation. The tax applies to crypto entities established in Illinois or providing services to Illinois residents with annual gross revenues exceeding $100,000. The two lobbying groups had previously sued Illinois over the measure and, together with the Chamber of Digital Commerce, argue that the law violates the federal Internet Tax Freedom Act as well as the Due Process and Interstate Commerce clauses of the U.S. Constitution.
Poland Fails to Overturn President's Crypto Bill Veto as Zonda Scandal Continues to Unfold
The Polish Chamber of Deputies failed to reach the required voting threshold to override the President's third veto on national cryptocurrency legislation. Meanwhile, Prime Minister Tusk revealed that the Zondacrypto case involves political funding arrangements, with related bankruptcy liquidation proceedings set to commence shortly.
CCI and Blockchain Association Sue Illinois Officials Over 0.2% Digital Asset Tax
Odaily News: Digital asset advocacy groups Crypto Council for Innovation (CCI) and the Blockchain Association (BA) have filed a lawsuit against Illinois officials, opposing the state's 0.2% cryptocurrency tax. The tax, expected to take effect in January 2027, is levied on transaction volume rather than income.The two organizations filed the complaint in the Seventh Judicial Circuit Court of Sangamon County, arguing that the tax violates the U.S. Constitution, the Illinois Constitution, federal and state due process laws, and the Internet Tax Freedom Act, and could result in double taxation. The complaint also states that the tax rules are overly vague, placing compliance burdens on residents and brokers while exposing them to civil and criminal penalties.Blockchain Association CEO Summer Mersinger stated that Illinois cannot implement a tax system that discriminates against digital commerce and increases uncertainty for consumers and businesses. The Digital Chamber filed a similar lawsuit in July over the same tax, claiming it discriminates against digital asset traders. (Cointelegraph)
Digital Chamber and other crypto organizations urge the U.S. Senate to advance the Clarity Act
Odaily News: Fox Business crypto reporter posted on platform X that Digital Chamber, Crypto Council, and Blockchain Association are urging U.S. Senate leadership to bring the Clarity Act to a full floor vote, despite the bill currently lacking the necessary support for advancement.
The Digital Chamber sues Illinois over upcoming crypto transaction tax
: The Digital Chamber (TDC), a crypto industry trade organization, has filed a lawsuit in an Illinois state court opposing the state's upcoming 0.2% digital asset transaction tax. The tax policy has been signed by Illinois Governor JB Pritzker and is scheduled to take effect in January 2027. TDC is asking the court to declare the law "invalid and unenforceable," arguing that it violates the U.S. Constitution, and is seeking related relief from the court. (The Block)
Digital Chamber and other crypto organizations urge the U.S. Senate to advance the Clarity Act
Odaily News: Fox Business crypto reporter posted on platform X that Digital Chamber, Crypto Council, and Blockchain Association are urging U.S. Senate leadership to bring the Clarity Act to a full floor vote, despite the bill currently lacking the necessary support for advancement.
Coinbase, Ripple and Over 200 Crypto Entities Jointly Urge U.S. Senate to Advance CLARITY Act Vote
a joint letter initiated by Stand With Crypto, in collaboration with the Blockchain Association, the Crypto Council for Innovation, and The Digital Chamber, has been submitted to U.S. Senate Majority Leader John Thune and Minority Leader Chuck Schumer, urging a full floor vote on the Digital Asset Market Clarity Act (the "CLARITY Act") as soon as possible.Over 200 crypto enterprises, industry associations, and community organizations, including Coinbase, Ripple, Kraken, a16z, Circle, and Binance.US, have participated in signing the letter. The joint letter points out that the CLARITY Act would establish a comprehensive federal regulatory framework for the digital asset market, clearly delineate regulatory responsibilities, provide feasible registration pathways, protect software developer innovation, and simultaneously promote the return of more digital asset businesses to the U.S. market.The signatories stated that the bill would help retain innovation, jobs, investment, and market activity within the United States, further solidifying America's leading position in the global digital asset innovation sector.It is understood that the CLARITY Act received bipartisan support and passed committee review in the Senate Banking Committee last month. Senator Cynthia Lummis subsequently stated that the next step for the bill is to enter the full Senate deliberation stage.Additionally, 160 former national security and law enforcement officials have previously signed a letter supporting the bill. U.S. Treasury Secretary Scott Bessent and White House Crypto Advisor Patrick Witt have also publicly called for advancing the legislative process. However, the issue of conflicts of interest between the Trump family and the crypto industry is still regarded as one of the main obstacles to the bill's progress. (The Block)
Related news
Crypto industry lobbying group asks court to halt Illinois digital assets tax
According to CoinDesk, the Crypto Council for Innovation (CCI) and the Blockchain Association filed a motion for a preliminary injunction with an Illinois court on Wednesday, seeking to halt the state's Digital Assets Tax Act before its effective date of January 1, 2027. The tax act was passed on the final day of this year's legislative session, imposing a 0.2% rate on entities headquartered in the state or providing services there with annual gross revenues exceeding $100,000. Both organizations previously sued the bill alongside the Digital Chamber last month, alleging it violates the principle of federal preemption. The filing states that member enterprises have already suffered "irreparable harm" due to the necessity of building compliance systems. CCI CEO Ji Hun Kim stated that businesses are required to spend millions of dollars developing systems for a tax that is unconstitutional and unclear in both scope and timing; Blockchain Association CEO Summer Mersinger stated that since the state cannot collect the relevant taxes during the litigation, "[t]he loss to the state government from waiting is minimal, while the loss to all parties if they continue to proceed would be significant."
Blockchain Association and CCI File for Injunction to Halt Illinois' 0.2% Digital Asset Transaction Tax
Odaily News – The Blockchain Association and the Innovative Crypto Council (CCI) have filed a motion for a preliminary injunction with the Circuit Court of Sangamon County, Illinois, seeking to halt the 0.2% digital asset franchise transaction tax scheduled to take effect on January 1, 2027, during the pendency of litigation. The tax applies to crypto entities established in Illinois or providing services to Illinois residents with annual gross revenues exceeding $100,000. The two lobbying groups had previously sued Illinois over the measure and, together with the Chamber of Digital Commerce, argue that the law violates the federal Internet Tax Freedom Act as well as the Due Process and Interstate Commerce clauses of the U.S. Constitution.
Poland Fails to Overturn President's Crypto Bill Veto as Zonda Scandal Continues to Unfold
The Polish Chamber of Deputies failed to reach the required voting threshold to override the President's third veto on national cryptocurrency legislation. Meanwhile, Prime Minister Tusk revealed that the Zondacrypto case involves political funding arrangements, with related bankruptcy liquidation proceedings set to commence shortly.
CCI and Blockchain Association Sue Illinois Officials Over 0.2% Digital Asset Tax
Odaily News: Digital asset advocacy groups Crypto Council for Innovation (CCI) and the Blockchain Association (BA) have filed a lawsuit against Illinois officials, opposing the state's 0.2% cryptocurrency tax. The tax, expected to take effect in January 2027, is levied on transaction volume rather than income.The two organizations filed the complaint in the Seventh Judicial Circuit Court of Sangamon County, arguing that the tax violates the U.S. Constitution, the Illinois Constitution, federal and state due process laws, and the Internet Tax Freedom Act, and could result in double taxation. The complaint also states that the tax rules are overly vague, placing compliance burdens on residents and brokers while exposing them to civil and criminal penalties.Blockchain Association CEO Summer Mersinger stated that Illinois cannot implement a tax system that discriminates against digital commerce and increases uncertainty for consumers and businesses. The Digital Chamber filed a similar lawsuit in July over the same tax, claiming it discriminates against digital asset traders. (Cointelegraph)
Digital Chamber and other crypto organizations urge the U.S. Senate to advance the Clarity Act
Odaily News: Fox Business crypto reporter posted on platform X that Digital Chamber, Crypto Council, and Blockchain Association are urging U.S. Senate leadership to bring the Clarity Act to a full floor vote, despite the bill currently lacking the necessary support for advancement.
The Digital Chamber sues Illinois over upcoming crypto transaction tax
: The Digital Chamber (TDC), a crypto industry trade organization, has filed a lawsuit in an Illinois state court opposing the state's upcoming 0.2% digital asset transaction tax. The tax policy has been signed by Illinois Governor JB Pritzker and is scheduled to take effect in January 2027. TDC is asking the court to declare the law "invalid and unenforceable," arguing that it violates the U.S. Constitution, and is seeking related relief from the court. (The Block)