Advocacy Groups Challenge Illinois 0.2% Crypto Tax in Court
The Blockchain Association and Crypto Council for Innovation have filed a lawsuit challenging Illinois over its recently approved 0.2% digital asset tax.
The Blockchain Association and the Crypto Council for Innovation have filed a legal challenge against the state of Illinois over its recently enacted digital asset tax policy.
The lawsuit targets the state's newly approved 0.2% tax applied to cryptocurrency transactions, adding to existing legal pushback from the broader industry against the measure.
As regional authorities introduce new tax requirements on digital transactions, maintaining self-custody allows asset owners to preserve direct, independent control over their private keys.
Source: CoinDesk
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