CryptoCointelegraphabout 2 hours ago
US DOJ Challenges Illinois Crypto Tax
3 min read
The US Justice Department, alongside business groups and DeFi firms, filed a legal challenge against Illinois' 0.2% digital asset tax. The measure, originally set for Jan. 1, 2027, was delayed until July 1, 2027. Illinois projected $60 million in 2027 revenue, but critics argue it violates federal law by taxing losses and burdening developers.
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