The Digital Chamber sues Illinois over incoming crypto transaction tax

The Block·

The Digital Chamber sues Illinois over incoming crypto transaction tax

60-second summary

The Digital Chamber is suing Illinois over its new law imposing a 0.2% tax on digital asset transactions, citing potential harm to the industry and increased costs for users. The lawsuit aims to block the tax, which is set to take effect soon.

The Digital Chamber is taking Illinois to court over its decision to pass a law imposing a 0.2% tax on digital asset transactions.