The lawsuit was brought by the Blockchain Association and the Crypto Council for Innovation. It targets an Illinois law, the Digital Asset Tax Act, that is set to take effect Jan. 1, 2027, according to the post.

Anchorage Digital’s declaration tells the court how the new tax created by the law would hurt the company’s business and its customers, per the post.

In its blog post, Anchorage Digital said the law taxes people 0.2% of the value of their crypto when…