The Orca platform has officially joined leading institutions and giants such as a16z, Paradigm, and Uniswap in signing a legal memorandum (Amicus Brief) challenging the U.S. state of Illinois’ digital asset tax law and arguing that it is illegal and unenforceable.
Impact on the ORCA token and the Solana network:
Supporting decentralization and adoption: This move strengthens Orca’s position as one of the leading projects defending the rights of decentralized finance (DeFi) users against arbitrary regulatory restrictions.
Positive in the long term: Easing pressure and unfair or double taxation on the digital asset sector supports liquidity and activity on the Solana network, which positively impacts investor confidence in tokens associated with its ecosystem, such as ORCA
#defi #ORCA #bullish #CryptoNews
$ORCA
Impact on the ORCA token and the Solana network:
Supporting decentralization and adoption: This move strengthens Orca’s position as one of the leading projects defending the rights of decentralized finance (DeFi) users against arbitrary regulatory restrictions.
Positive in the long term: Easing pressure and unfair or double taxation on the digital asset sector supports liquidity and activity on the Solana network, which positively impacts investor confidence in tokens associated with its ecosystem, such as ORCA
#defi #ORCA #bullish #CryptoNews
$ORCA