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Paraguay raids two illegal cryptocurrency mining farms, confiscating 35 mining rigs.
The National Electricity Administration of Paraguay, in coordination with police and prosecutorial authorities, raided two cryptocurrency mining facilities suspected of unauthorized electricity usage in Minga Guazú and Lemancito of the Upper Paraná Department, seizing a total of 35 mining rigs. The Minga Guazú facility was fined approximately 176 million guaraníes (nearly $30,000). The Paraguayan Chamber of Deputies has directed the National Electricity Administration to submit a report detailing industry electricity consumption, tariff structures, and regulatory oversight.
Two illegal crypto mining farms busted within a week in Paraguay, 35 mining machines seized
Paraguayan authorities busted two illegal crypto mining facilities within a week in Alto Paraná Department, seizing a total of 35 mining machines. The mining farm raided on September 17 was illegally drawing electricity through lines without installed meters, and 10 ASIC mining machines were confiscated, with related fees and fines totaling approximately $30,000; another operation on September 12 seized 25 mining machines. Paraguay's Chamber of Deputies has passed a resolution requiring the National Electricity Administration (ANDE) to submit a report on electricity consumption, electricity rates, and regulatory conditions of the crypto mining industry.
Crypto industry lobbying group asks court to halt Illinois digital assets tax
According to CoinDesk, the Crypto Council for Innovation (CCI) and the Blockchain Association filed a motion for a preliminary injunction with an Illinois court on Wednesday, seeking to halt the state's Digital Assets Tax Act before its effective date of January 1, 2027. The tax act was passed on the final day of this year's legislative session, imposing a 0.2% rate on entities headquartered in the state or providing services there with annual gross revenues exceeding $100,000. Both organizations previously sued the bill alongside the Digital Chamber last month, alleging it violates the principle of federal preemption. The filing states that member enterprises have already suffered "irreparable harm" due to the necessity of building compliance systems. CCI CEO Ji Hun Kim stated that businesses are required to spend millions of dollars developing systems for a tax that is unconstitutional and unclear in both scope and timing; Blockchain Association CEO Summer Mersinger stated that since the state cannot collect the relevant taxes during the litigation, "[t]he loss to the state government from waiting is minimal, while the loss to all parties if they continue to proceed would be significant."
Blockchain Association and CCI File for Injunction to Halt Illinois' 0.2% Digital Asset Transaction Tax
Odaily News – The Blockchain Association and the Innovative Crypto Council (CCI) have filed a motion for a preliminary injunction with the Circuit Court of Sangamon County, Illinois, seeking to halt the 0.2% digital asset franchise transaction tax scheduled to take effect on January 1, 2027, during the pendency of litigation. The tax applies to crypto entities established in Illinois or providing services to Illinois residents with annual gross revenues exceeding $100,000. The two lobbying groups had previously sued Illinois over the measure and, together with the Chamber of Digital Commerce, argue that the law violates the federal Internet Tax Freedom Act as well as the Due Process and Interstate Commerce clauses of the U.S. Constitution.
Poland Fails to Overturn President's Crypto Bill Veto as Zonda Scandal Continues to Unfold
The Polish Chamber of Deputies failed to reach the required voting threshold to override the President's third veto on national cryptocurrency legislation. Meanwhile, Prime Minister Tusk revealed that the Zondacrypto case involves political funding arrangements, with related bankruptcy liquidation proceedings set to commence shortly.
CCI and Blockchain Association Sue Illinois Officials Over 0.2% Digital Asset Tax
Odaily News: Digital asset advocacy groups Crypto Council for Innovation (CCI) and the Blockchain Association (BA) have filed a lawsuit against Illinois officials, opposing the state's 0.2% cryptocurrency tax. The tax, expected to take effect in January 2027, is levied on transaction volume rather than income.The two organizations filed the complaint in the Seventh Judicial Circuit Court of Sangamon County, arguing that the tax violates the U.S. Constitution, the Illinois Constitution, federal and state due process laws, and the Internet Tax Freedom Act, and could result in double taxation. The complaint also states that the tax rules are overly vague, placing compliance burdens on residents and brokers while exposing them to civil and criminal penalties.Blockchain Association CEO Summer Mersinger stated that Illinois cannot implement a tax system that discriminates against digital commerce and increases uncertainty for consumers and businesses. The Digital Chamber filed a similar lawsuit in July over the same tax, claiming it discriminates against digital asset traders. (Cointelegraph)
Digital Chamber and other crypto organizations urge the U.S. Senate to advance the Clarity Act
Odaily News: Fox Business crypto reporter posted on platform X that Digital Chamber, Crypto Council, and Blockchain Association are urging U.S. Senate leadership to bring the Clarity Act to a full floor vote, despite the bill currently lacking the necessary support for advancement.
Coinbase, Ripple and Over 200 Crypto Entities Jointly Urge U.S. Senate to Advance CLARITY Act Vote
a joint letter initiated by Stand With Crypto, in collaboration with the Blockchain Association, the Crypto Council for Innovation, and The Digital Chamber, has been submitted to U.S. Senate Majority Leader John Thune and Minority Leader Chuck Schumer, urging a full floor vote on the Digital Asset Market Clarity Act (the "CLARITY Act") as soon as possible.Over 200 crypto enterprises, industry associations, and community organizations, including Coinbase, Ripple, Kraken, a16z, Circle, and Binance.US, have participated in signing the letter. The joint letter points out that the CLARITY Act would establish a comprehensive federal regulatory framework for the digital asset market, clearly delineate regulatory responsibilities, provide feasible registration pathways, protect software developer innovation, and simultaneously promote the return of more digital asset businesses to the U.S. market.The signatories stated that the bill would help retain innovation, jobs, investment, and market activity within the United States, further solidifying America's leading position in the global digital asset innovation sector.It is understood that the CLARITY Act received bipartisan support and passed committee review in the Senate Banking Committee last month. Senator Cynthia Lummis subsequently stated that the next step for the bill is to enter the full Senate deliberation stage.Additionally, 160 former national security and law enforcement officials have previously signed a letter supporting the bill. U.S. Treasury Secretary Scott Bessent and White House Crypto Advisor Patrick Witt have also publicly called for advancing the legislative process. However, the issue of conflicts of interest between the Trump family and the crypto industry is still regarded as one of the main obstacles to the bill's progress. (The Block)
Related news
Illinois Proposes Delaying 0.2% Crypto Asset Tax Implementation by 6 Months
Odaily News: After cryptocurrency industry organizations filed a lawsuit, Illinois state government officials agreed to postpone the implementation date of the 0.2% digital asset tax from January 1, 2027 to July 1, leaving time to address related legal disputes. The delay arrangement still requires court approval.The Digital Chamber previously filed a lawsuit over the tax in July, arguing that the relevant provisions were included in the state budget without sufficient discussion and public feedback. The organization stated that the delay does not mean the tax has been abolished, and it will continue to pursue the overturning of the tax through litigation. Additionally, the Illinois Department of Revenue had previously published a draft of the digital asset tax implementation rules and opened public comment until October 30. (Cointelegraph)
Illinois delays crypto tax effective date by six months due to litigation.
Illinois has agreed to delay the effective date of the 0.2% digital asset tax from January 1, 2027, to July 1. The advocacy group Digital Chamber had previously filed a lawsuit challenging the legislative process; while securing this extension, it will still seek to repeal the tax.
Illinois Proposes Delaying 0.2% Crypto Tax by 6 Months to July 2027
Odaily News: Illinois state government officials and crypto industry representatives have reached an agreement to delay the implementation of the 0.2% crypto tax by 6 months to July 1, 2027, pending approval by a judge.The Digital Chamber and the Illinois Blockchain Association participated in the negotiations to allow court proceedings on related legal disputes to continue as the tax's implementation date approaches. (CoinDesk)
Paraguay raids two illegal cryptocurrency mining farms, confiscating 35 mining rigs.
The National Electricity Administration of Paraguay, in coordination with police and prosecutorial authorities, raided two cryptocurrency mining facilities suspected of unauthorized electricity usage in Minga Guazú and Lemancito of the Upper Paraná Department, seizing a total of 35 mining rigs. The Minga Guazú facility was fined approximately 176 million guaraníes (nearly $30,000). The Paraguayan Chamber of Deputies has directed the National Electricity Administration to submit a report detailing industry electricity consumption, tariff structures, and regulatory oversight.
Two illegal crypto mining farms busted within a week in Paraguay, 35 mining machines seized
Paraguayan authorities busted two illegal crypto mining facilities within a week in Alto Paraná Department, seizing a total of 35 mining machines. The mining farm raided on September 17 was illegally drawing electricity through lines without installed meters, and 10 ASIC mining machines were confiscated, with related fees and fines totaling approximately $30,000; another operation on September 12 seized 25 mining machines. Paraguay's Chamber of Deputies has passed a resolution requiring the National Electricity Administration (ANDE) to submit a report on electricity consumption, electricity rates, and regulatory conditions of the crypto mining industry.
Crypto industry lobbying group asks court to halt Illinois digital assets tax
According to CoinDesk, the Crypto Council for Innovation (CCI) and the Blockchain Association filed a motion for a preliminary injunction with an Illinois court on Wednesday, seeking to halt the state's Digital Assets Tax Act before its effective date of January 1, 2027. The tax act was passed on the final day of this year's legislative session, imposing a 0.2% rate on entities headquartered in the state or providing services there with annual gross revenues exceeding $100,000. Both organizations previously sued the bill alongside the Digital Chamber last month, alleging it violates the principle of federal preemption. The filing states that member enterprises have already suffered "irreparable harm" due to the necessity of building compliance systems. CCI CEO Ji Hun Kim stated that businesses are required to spend millions of dollars developing systems for a tax that is unconstitutional and unclear in both scope and timing; Blockchain Association CEO Summer Mersinger stated that since the state cannot collect the relevant taxes during the litigation, "[t]he loss to the state government from waiting is minimal, while the loss to all parties if they continue to proceed would be significant."