Trade associations filed a lawsuit challenging Illinois' newly enacted levy on digital asset transactions.
The Crypto Council for Innovation and the Blockchain Association have filed a lawsuit against the state of Illinois. The legal challenge targets a recently approved 0.2% tax on digital asset transactions.
Further verified details about the lawsuit's arguments or the state's response were not immediately available.
Marcus reports on digital assets, from spot ETF flows to protocol-level developments in DeFi. He pays particular attention to how institutional adoption is reshaping crypto market structure.
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