Crypto

Organizations join forces to fight Illinois crypto tax, after 6-month pause

Summary

Several industry organizations are actively seeking a court judgment against a proposed digital asset tax in Illinois. This legal push follows a six-month delay that state officials previously granted regarding the implementation of the controversial levy.

Illinois officials already agreed to delay implementation of a 0.2% tax on crypto assets, but industry-aligned organizations are pushing for summary judgment on the merits.

Source: Read the full story at Cointelegraph.com News

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