Follow UsIllinois Crypto Tax Draws Unlikely Alliance of DOJ, Banks and DeFi
Bullish-19.80%
12 Nov, 17:46
Source: Decrypt
AI Summary
A coalition including the DOJ, financial groups, and DeFi leader Uniswap is suing to overturn Illinois' 0.2% digital asset transaction tax, reducing regulatory friction for crypto markets.
The DOJ, the U.S. Chamber of Commerce, SIFMA and a crypto coalition led by a16z, Paradigm and Uniswap filed briefs backing a lawsuit to strike down the state’s 0.2% levy on digital asset transactions.