Crypto tax measures face delays in Congress and Illinois

Oct 1, 2026 18:44 (23d ago)

Sen. Cynthia Lummis said Congress is unlikely to pass digital-asset tax legislation before year-end, while Illinois parties seek a separate tax delay.
Illinois’s proposed 0.2% Digital Asset Tax collection date would move from January 1 to July 1, 2027, under the requested injunction.
The House Ways and Means Committee approved H.R. 10357 by 38-5, but Senate action remains uncertain and the Sangamon County court has not approved Illinois’s delay request.

Sen. Cynthia Lummis (R-Wyo.) said Congress is unlikely to pass digital-asset tax legislation before year-end because Senate Finance Committee members resist reopening tax policy during the post-midterm-election lame-duck session. Separately, Illinois officials and the Chamber of Digital Commerce and Illinois Blockchain Association have asked a Sangamon County court to delay the state’s 0.2% Digital Asset Tax from January 1 to July 1, 2027, while it reviews constitutional and federal challenges. The Illinois request does not resolve the lawsuit and remains subject to court approval.