Unexpected coalition challenges Illinois crypto tax
A broad group including the U.S. Department of Justice, SIFMA, and crypto leaders such as Uniswap is supporting a lawsuit to overturn the Illinois Digital Assets Tax Act. The tax applies 0.2% to an asset’s total value each time a customer makes a transaction, regardless of whether there is a gain. The DOJ considers it discriminatory, and Illinois has paused enforcement until July 2027.
$SOL
#Cripto #Regulacion #Illinois
A broad group including the U.S. Department of Justice, SIFMA, and crypto leaders such as Uniswap is supporting a lawsuit to overturn the Illinois Digital Assets Tax Act. The tax applies 0.2% to an asset’s total value each time a customer makes a transaction, regardless of whether there is a gain. The DOJ considers it discriminatory, and Illinois has paused enforcement until July 2027.
$SOL
#Cripto #Regulacion #Illinois
