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Illinois crypto tax is impossible to enforce as written, crypto industry tells court

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CoinDesk
By Jesse Hamilton
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Illinois crypto tax is impossible to enforce as written, crypto industry tells court
Photo / Coverage: CoinDeskCredit: Jesse Hamilton
EXECUTIVE SUMMARY

The legal battle to head off the crypto transaction tax in Illinois has drawn up a hefty roster of industry opposition, and they're saying the tax won't work.

Key Takeaways

  • Illinois crypto tax is impossible to enforce as written, crypto industry tells court.
  • The legal battle to head off the crypto transaction tax in Illinois has drawn up a hefty roster of industry opposition, and they're saying the tax won't work.
  • The legal battle to head off the crypto transaction tax in Illinois has drawn up a hefty roster of industry opposition, and they're saying the tax won't work.

The legal battle to head off the crypto transaction tax in Illinois has drawn up a hefty roster of industry opposition, and they're saying the tax won't work.

Share:WhatsAppFacebookX (Twitter)Telegram

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