Ryan VanGrack(@RVanGrack):You can’t tax your way around federal law. Under the Internet Tax Freedom Act, states cannot single out digital commerce for discriminatory taxation. Illinois’s new tax on digital assets does exactly that—and it’s just one of its many fatal flaws. Last week in Maryland, a court struck down a digital ad tax using this exact precedent. Illinois seems destined for the same fate.

Ryan VanGrack

@RVanGrack

Vice Chairman @coinbase; fmr GC Citadel Securities, SEC Senior Advisor, White House Atty | law, politics, crypto & Duke bball (not necessarily in that order)

参加 September 2024

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Ryan VanGrack@RVanGrack

2026.08.21 22:04

You can’t tax your way around federal law. Under the Internet Tax Freedom Act, states cannot single out digital commerce for discriminatory taxation. Illinois’s new tax on digital assets does exactly that—and it’s just one of its many fatal flaws. Last week in Maryland, a court struck down a digital ad tax using this exact precedent. Illinois seems destined for the same fate.

Crypto Council for Innovation@crypto_council

2026.08.21 21:26

Today, @Crypto_Council and @BlockchinAssn filed a lawsuit challenging the State of Illinois’s Digital Asset Tax Act. A statement from CEOs @_jikim and @SummerMersinger follows. Press release: