News
Crypto journalism, filtered and summarised.
Illinois will postpone implementation of crypto tax following lawsuit
State officials agreed to delay the 0.2% crypto tax for six months after lawsuits and industry pushback claimed the bill was rushed through the legislature.
Illinois Delays Controversial Crypto Tax Amid Industry Lawsuit
Illinois officials and crypto groups jointly asked a state court to delay the 0.2% Digital Asset Tax from Jan. 1 to July 1, 2027, while a legal challenge continues.
New York, Wyoming regulators sign pact to coordinate crypto oversight
The agreement will allow the two state regulators to share supervisory information, streamline licensing reviews and coordinate examinations and enforcement actions involving digital asset firms.
Illinois agrees to six-month delay of crypto tax as industry continues court battle
Both sides agreed the 0.2% tax should be put off until July 1, if the court approves the deal, which will let the state and industry focus on the legal dispute.
Binance’s EU services face scrutiny over licensing exemption: Report
EU regulators are reportedly examining Binance’s use of a MiCA exemption to serve customers as ESMA seeks stronger enforcement powers.
Chainalysis beats most Celsius claims, but ‘audit’ lawsuit survives
Chainalysis still faces an aiding-and-abetting claim over Celsius’ disputed $3.3 billion audit after a judge dismissed 15 other claims.
EU Presses Binance Over ‘Reverse Solicitation’ Exemption for Users: Report
Regulators are probing how the exchange keeps serving EU customers from Abu Dhabi, months after it lost its MiCA registrations.
CFTC seeks to define event contracts as swaps amid prediction market fight
The classification could assist the CFTC’s claim that it has exclusive federal jurisdiction over event contracts offered on regulated prediction markets.
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