Illinois's 0.2% crypto tax, previously set to take effect on January 1 next year, has been postponed by six months to July 1 next year, allowing the state government and the crypto industry to focus on ongoing legal disputes. This agreement still requires court approval. The Chamber of Digital Commerce and the Illinois Blockchain Association have reached an agreement with state officials, and both parties are expected to submit a request for extension to the Sangamon County State Circuit Court on Thursday morning. Crypto advocacy groups had previously asked the state court on September 9 to suspend the tax, citing the high costs incurred by companies in response to the tax.