Latest updates, press releases, and insights from the volatile world of digital assets.
State revenue officials detail how the transaction tax, set for January 2027, would apply to crypto trades, wallet moves, bridges and protocol fees while excluding NFTs
Industry associations ask a state court to block enforcement of the new levy before its January 2027 start, citing constitutional flaws and immediate compliance burdens
The state seeks to halt the prediction market platform’s sports offerings, arguing they constitute unlicensed wagering under local law rather than federally regulated derivatives
Two major industry associations filed suit to block the state's first-of-its-kind levy on crypto trades, transfers and custody before it takes effect
The Digital Chamber filed suit against Illinois to block a new tax on crypto transactions before its January 2027 effective date, arguing the measure discriminates against blockchain technology
Kalshi, a leading U.S.-regulated prediction market platform, is in discussions for a new funding round that could value the company at approximately $40 billion, nearly doubling its valuation from just weeks ago amid surging trading volumes and product expansion
The Commodity Futures Trading Commission has filed suit against Kentucky, marking the ninth state targeted in a nationwide dispute over federal versus state authority on event contracts
