Illinois Crypto Tax Draws Unlikely Alliance of DOJ, Banks and DeFi
Summary
A diverse group consisting of federal law enforcement, major banking associations, and decentralized finance firms has intervened in a legal challenge. Together, these organizations are supporting a lawsuit aimed at invalidating a state tax on digital asset transactions.
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.
Source: Read the full story at Decrypt
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