Crypto groups seek pause on Illinois tax as lawsuit continues

Crypto lobbying groups are asking a court to suspend an Illinois tax while a lawsuit challenging the law continues.

Preliminary injunction sought

The motion comes a few weeks after the Crypto Council for Innovation and the Blockchain Association sued to block the law.

Details not provided

The available report does not identify the tax, describe its provisions or explain why the groups believe it should be suspended.

Case status

The organizations' legal challenge remains underway, with the court yet to rule on the requested preliminary injunction.

Assets mentioned

No specific cryptocurrency assets were identified.

The organizations' legal challenge remains underway, with the court yet to rule on the requested preliminary injunction.