The U.S. Department of Justice has sided with the crypto industry, opposing Illinois’ 0.2% tax on digital asset transactions.
According to Decrypt, the U.S. Department of Justice, the U.S. Chamber of Commerce, SIFMA, and a crypto coalition led by a16z, Paradigm, and Uniswap each filed briefs supporting a lawsuit seeking to overturn the state’s digital asset transaction tax.
· Opponents span law enforcement, traditional financial institutions, and DeFi, and come from different backgrounds.
· The 0.2% tax is levied on digital asset transactions. The briefs support the lawsuit, not a final ruling.
With a 0.2% tax applied to every transaction, do you think you could handle it?
$UNI
According to Decrypt, the U.S. Department of Justice, the U.S. Chamber of Commerce, SIFMA, and a crypto coalition led by a16z, Paradigm, and Uniswap each filed briefs supporting a lawsuit seeking to overturn the state’s digital asset transaction tax.
· Opponents span law enforcement, traditional financial institutions, and DeFi, and come from different backgrounds.
· The 0.2% tax is levied on digital asset transactions. The briefs support the lawsuit, not a final ruling.
With a 0.2% tax applied to every transaction, do you think you could handle it?
$UNI
