Crypto advocates join in suing Illinois over digital asset tax

Crypto advocates join in suing Illinois over digital asset tax

Illinois Digital Asset Tax Lawsuit Puts 0.2% Levy on Trial

The Crypto Council for Innovation and the Blockchain Association sued Illinois over its newly enacted 0.2% digital asset tax. Both… Read the original on Illinois Faces Lawsuit Over Controversial 0.2% Digital Asset Tax. For more crypto news and analysis, visit TheCurrencyAnalytics.com.

Crypto Industry Files Second Lawsuit Against Illinois' 0.2% Digital Asset Tax

BitcoinWorld Crypto Industry Files Second Lawsuit Against Illinois’ 0.2% Digital Asset Tax The legal battle over Illinois’ new 0.2% digital asset tax is intensifying, as two major crypto industry groups filed a second lawsuit against the state on Friday. The Crypto Council for Innovation (CCI) and the Blockchain Association submitted a complaint in Sangamon County Court, arguing that the tax violates both the U.S. Constitution and the Illinois …