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CryptoUpdated 2h ago

Industry groups say Illinois tax applies to crypto transactions with no profit

Industry groups argued in court filings that Illinois’ crypto tax applies even when a transaction produces no profit. They say the levy could also raise compliance costs and violate federal law.

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Coverage started 2h ago

Key Actors

  • Andreessen Horowitz
  • United States Chamber of Commerce
  • United States Department of Justice

Coverage

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