CoinDesk·3 min read·hard
Crypto lobby group TDC sues Illinois to block digital asset tax
N
Nikhilesh De
✦AI Summary
The Digital Chamber (TDC) has filed a lawsuit against the state of Illinois to block a new 0.2% tax on digital asset transactions. The group argues the tax is unconstitutional and violates federal laws regarding internet commerce.
TDC (otherwise known as The Digital Chamber) alleged that Illinois' Digital Asset Tax Act violated both the U.S. and state constitutions and is preempted by a federal tax law. The lawsuit , filed Tuesday, asks a federal judge to block the Illinois state government from enforcing the tax.
cryptopoliticseconomy
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