Illinois plans a 0.2% tax on crypto assets that is set to start in 2027. State officials have already agreed to delay putting it into effect. Cointelegraph's headline calls this a six-month pause.
The delay has not ended the lawsuit. The Crypto Council for Innovation (CCI) and the Blockchain Association (BA) said they will join the Digital Chamber and other groups in the case. They are asking the court for summary judgment, which would be a ruling on the merits of the dispute rather than another postponement.
Cointelegraph published the report on Oct 14, 2026. It was written by Turner Wright and edited by Sam Bourgi. The article does not say when the court will hear the request or how it might rule.
For anyone already holding a perpetual position on Bitget, Bybit, MEXC or OKX, this changes nothing directly today. The tax has not taken effect, and the report does not say whether it would cover perpetual futures or trading on these exchanges. Funding rates, fees and liquidity on these venues are not affected by this news.
Source: cointelegraph — Organizations join forces to fight Illinois crypto tax, after 6-month pause