Crypto advocates join in suing Illinois over digital asset tax
The Crypto Council for Innovation and the Blockchain Association added another lawsuit against the state for its recently approved 0.2% crypto tax.
Illinois
Crypto lobby group TDC sues Illinois to block digital asset tax
A crypto lobbying organization has sued the state of Illinois over a last-minute tax provision inserted into the state budget last month. The Digital Chamber alleged that Illinois’ Digital Asset Tax Act violated both the U.S. and state constitutions and is preempted by a federal… Read More
Stratton wins Illinois Senate primary, defeating crypto-backed Krishnamoorthi
Illinois Lieutenant Governor Juliana Stratton is poised to become the next Senator from the state after winning the Democratic primary Tuesday night, defeating Representative Raja Krishnamoorthi. Krishnamoorthi had received close to $10 million in backing from crypto super-political action committee (PAC) Fairshake, among other entities,… Read More