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Illinois Crypto Tax Proposal Unites DOJ, Banks, and DeFi Groups in Opposition
(3 hours ago) · 1 source · Summarized by CryptoBipto
A proposed cryptocurrency tax in Illinois has drawn opposition from an unusual coalition that includes the U.S. Department of Justice, traditional banks, and decentralized finance advocates. These groups, which rarely align on policy issues, have reportedly joined forces to challenge the tax measure.
WHY IT MATTERS
When a state government tries to tax cryptocurrency transactions, it affects anyone in that state who buys, sells, or trades digital assets.
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SOURCES
- decrypt.co
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Crypto TaxationState RegulationDeFiU.S. PolicyBanking
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