Digital Chamber

Illinois has agreed to postpone implementation of its 0.2% digital asset tax until July 1, provided a state court approves the deal. The delay gives crypto firms and advocacy groups breathing room as they challenge the measure’s constitutionality and enforceability.

The U.S. Senate will not vote on the Digital Asset Market Clarity Act before its late-summer break, slowing momentum for one of the crypto industry’s most closely watched bills. Lawmakers are expected to revisit the measure when the Senate returns to Washington, D.C., in September, but unresolved political and policy disputes remain.

A circulating Senate draft of the Digital Asset Market Clarity Act includes a disputed crypto conflict-of-interest provision that would sunset in 2029. The bill remains under intense negotiation as lawmakers race to move a sweeping digital asset market structure package before the summer recess.