Illinois backs delay to crypto tax rule after months of industry pushback
Illinois officials have joined crypto industry groups in seeking a six-month delay to the state’s controversial digital-asset tax. The agreed motion, filed Oct. 1 in Sangamon County, asks a judge to postpone the levy’s Jan. 1 start until July 1, 2027,…
From Kaiko to OpenZeppelin, S&P Global is quietly preparing for markets that never close
S&P Global agreed to acquire smart contract security firm OpenZeppelin, expanding its digital asset business into the technology underpinning tokenized finance. On Sept. 17, the financial data and ratings company said that OpenZeppelin will continue…
Congress wants to make crypto easier to use and still collect $500 million more in taxes
A House crypto tax overhaul would raise an estimated $500 million while easing taxes on stablecoin payments and small fees. The House Ways and Means Committee is scheduled to consider H.R. 10357, the Digital Asset Tax Certainty Act, on Sept. 16, putting…
UK crypto investors declared £1.38B in gains, but half came from just 240 people
HMRC has disclosed £1.38 billion in reported UK crypto gains, with just 240 investors accounting for more than half. The figures mark the first time HM Revenue & Customs has published crypto-specific Capital Gains Tax data, giving the agency a formal…
Everyday crypto users face monthly tax bills on total asset value if covered brokers fail to collect under new Illinois rules
Illinois’s 0.2% digital asset tax, scheduled to start Jan. 1, 2027, now faces another industry complaint as brokers prepare for a levy tied to the value of customer assets rather than their gains or service fees. Blockchain Association and the Crypto…