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US Justice Department, business groups and DeFi firms challenge Illinois crypto tax

Industry groups argued in court filings that Illinois’ crypto tax, which applies even when a transaction yields no profit, could raise compliance costs and violate federal law.

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US Justice Department, business groups and DeFi firms challenge Illinois crypto tax

Industry groups argued in court filings that Illinois’ crypto tax, which applies even when a transaction yields no profit, could raise compliance costs and violate federal law.

Why this matters

This maps to the DeFi hub, so it can help confirm whether that theme is gaining breadth across the crypto news cycle.

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Read on Cointelegraph

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