Illinois has agreed to delay its 0.2% tax on crypto by six months. The news came from crypto advocacy organizations that are suing the state over the Digital Asset Tax. Cointelegraph reported the story on Oct 1, 2026.
The lawsuits followed pushback from the industry. The groups argue that the bill was rushed through the Illinois legislature. According to those groups, state officials accepted the delay after the lawsuits were filed.
The report does not say whether the lawsuit is over or what the courts will decide. It also does not give a new start date beyond the six-month delay or say whether the tax itself will change. Those questions remain open.
For someone already holding a perpetual position on Bitget, Bybit, MEXC or OKX, this changes nothing directly. The report says nothing about funding rates, trading fees or liquidity on those exchanges. It also does not say whether the tax would apply to perpetual futures at all. For now, the cost of holding a position is the same as it was before this news.
Source: cointelegraph — Illinois will postpone implementation of crypto tax following lawsuit