US Justice Department, business groups and DeFi firms challenge Illinois crypto tax

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• The United States Department of Justice, alongside various business organizations and decentralized finance companies, has formally challenged a newly implemented cryptocurrency tax in Illinois.
• Industry advocates submitted court filings arguing that the tax applies to transactions regardless of profitability.
• Opponents claim this legislation significantly increases compliance burdens and potentially violates federal laws.

Diringkas otomatis oleh Kryptokite dari laporan Cointelegraph. Baca sumber aslinya untuk detail lengkap. Untuk saat ini berita dan ringkasan masih dalam bahasa Inggris.