Key Takeaways Two crypto groups are seeking a preliminary injunction. The 0.2% tax applies to covered exchanges, transfers, and storage. Plaintiffs say companies face millions of dollars in compliance costs. Crypto Groups Race to Stop Tax Before Illinois Users Pay Illinois crypto users could soon owe tax for moving or storing digital assets, even when no sale occurs and no profit is earned. The Crypto Council for Innovation and Blockchain Association filed a preliminary injunction motion Sept. 8 asking the Sangamon County Circuit Court to block the tax before it takes effect Jan. 1, 2027. The Crypto Council for Innovation …
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Traders using CME FedWatch, the CME Group tool that tracks rate-hike probabilities implied by 30-Day Fed Funds futures prices, now put the FOMC September odds …
Jump Trading’s Hyperliquid volume nears $150 billion, making the firm responsible for nearly 8% of perpetual futures activity overall. Jump Trading’s cumulative trading volume …
