Illinois has agreed to delay its 0.2% Digital Asset Tax from January 1 to July 1, 2027, following a lawsuit by The Digital Chamber and Illinois Blockchain Association challenging the tax's constitutionality. The joint motion, filed in Sangamon County Circuit Court, temporarily blocks the tax while the legal challenge continues. Gov. Pritzker signed the tax in June as part of the state budget, with lawmakers estimating it could raise $60 million annually.
European regulators are investigating how Binance continues serving EU customers months after losing its MiCA licenses, questioning whether the exchange improperly uses a reverse solicitation exemption to operate from Abu Dhabi. The company faces potential enforcement action and fines if regulators determine it is circumventing crypto asset regulations.