Illinois Crypto Tax Spurs DOJ, Banks, DeFi Alliance Against 0.2% Levy

Chamber of Commerce, SIFMA, and a crypto coalition spearheaded by a16z, Paradigm, and Uniswap, has submitted legal filings supporting a legal challenge aimed at invalidating Illinois's 0.2% fee imposed on digital asset exchanges.

These parties jointly backed the lawsuit seeking to overturn the state's imposition of this 0.2% tax on transactions involving digital assets.

This coordinated legal action signals a significant institutional engagement with the regulatory landscape surrounding digital assets in the United States.

Earlier coverage

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