Crypto advocacy groups sue Illinois over 0.2% digital asset tax
Crypto advocacy groups Crypto Council for Innovation and the Blockchain Association sued Illinois over its 0.2% crypto tax, arguing it violates the US Constitution and federal and state laws by unlawfully singling out crypto while comparable traditional financial activity goes untaxed.
Detected & updated continuously · Source: Nebula
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@Cointelegraph
🇺🇸 JUST IN: Crypto advocacy groups CCI and Blockchain Association sued Illinois over its 0.2% crypto tax, arguing it violates the US Constitution and federal and state laws. https://t.co/4fx6QRd3sO
@CryptosR_Us
JUST IN: 🇺🇸 Crypto groups are taking Illinois to court over its new 0.2% digital asset tax. The @BlockchainAssn and @crypto_council argue the tax unlawfully singles out crypto while comparable traditional financial activity goes untaxed. The groups are seeking to block the tax https://t.co/UJe3zatpzq