Digital Chamber sues Illinois officials over new state 0.2% crypto tax
CoinTelegraph·
60-second summary
The Digital Chamber is suing Illinois officials over the newly signed 0.2% crypto tax, alleging it discriminates against digital asset holders. The lawsuit seeks to block the tax's implementation and enforcement. The tax, signed into law in June, targets cryptocurrency transactions, sparking concerns among crypto enthusiasts and investors about the tax's potential impact on the industry's growth in the US.
The group alleged that the tax signed into law in June “discriminates against people who transact in digital assets“ and should be blocked from implementation and enforcement.