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Andreessen Horowitz and DeFi Education Fund Oppose Illinois Crypto Tax Proposal
(4 hours ago) · 1 source · Summarized by CryptoBipto
Andreessen Horowitz (a16z) and the DeFi Education Fund have pushed back against a proposed cryptocurrency tax in Illinois. The organizations are opposing the state-level tax measure, arguing against its potential impact on the crypto industry. Details of their specific objections and the current status of the proposal remain to be fully clarified.
WHY IT MATTERS
When a state government proposes a new tax on cryptocurrency, it can affect anyone in that state who buys, sells, or holds digital assets.
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SOURCES
- theblock.co
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