Just as Congress is about to pass a federal regulatory framework on digital assets, Illinois has taken two steps back and passed an absurd tax law that violates a law Congress already passed. Not only is this unconstitutional overreach – it’s simply bad policy.
Illinois is systematically driving business out of state and isolating itself while punishing everyday consumers for wanting to participate in the digital economy. @BlockchainAssn and @crypto_council have filed suit to help protect these consumers from a law that accomplishes nothing but harm. There is no winner, but there are clear losers: Illinoisans themselves.
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