{"id":687843,"date":"2026-11-12T21:52:44","date_gmt":"2026-11-12T21:52:44","guid":{"rendered":"https:\/\/e-bitco.in\/index.php\/2026\/11\/12\/us-justice-department-business-groups-and-defi-firms-challenge-illinois-crypto-tax\/"},"modified":"2026-11-12T21:52:44","modified_gmt":"2026-11-12T21:52:44","slug":"us-justice-department-business-groups-and-defi-firms-challenge-illinois-crypto-tax","status":"publish","type":"post","link":"https:\/\/e-bitco.in\/index.php\/2026\/11\/12\/us-justice-department-business-groups-and-defi-firms-challenge-illinois-crypto-tax\/","title":{"rendered":"US Justice Department, business groups and DeFi firms challenge Illinois crypto tax"},"content":{"rendered":"

\"US<\/p>\n

Industry groups argued in court filings that Illinois\u2019 crypto tax, which applies even when a transaction yields no profit, could raise compliance costs and violate federal law.<\/p>\n

The US Department of Justice, business and financial industry groups and a coalition of decentralized finance (DeFi) firms have backed a legal challenge to Illinois\u2019 0.2% digital asset tax, arguing that the measure unfairly targets cryptocurrency transactions and could impose taxes even when investors make no profit.<\/p>\n

Over the past week, the Justice Department filed a statement of interest, while the US Chamber of Commerce and the Securities Industry and Financial Markets Association (SIFMA) submitted an amicus filing. A coalition that includes venture capital firms Andreessen Horowitz and Paradigm as well as crypto protocols Uniswap and Aave Labs also filed a brief, according to a Thursday announcement<\/a> from the Blockchain Association and Crypto Council for Innovation.<\/p>\n

The law, enacted in June, imposes a 0.2% tax on the value of digital assets exchanged, transferred or stored, regardless of whether a transaction generates a profit. <\/p>\n

Read more<\/a><\/p>","protected":false},"excerpt":{"rendered":"

Industry groups argued in court filings that Illinois\u2019 crypto tax, which applies even when a transaction yields no profit, could raise compliance costs and violate federal law. The US Department of Justice, business and financial industry groups and a coalition of decentralized finance (DeFi) firms have backed a legal challenge to Illinois\u2019 0.2% digital asset […]<\/p>\n","protected":false},"author":1,"featured_media":687844,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":{"0":"post-687843","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-blockchain"},"_links":{"self":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/687843","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/comments?post=687843"}],"version-history":[{"count":0,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/687843\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media\/687844"}],"wp:attachment":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media?parent=687843"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/categories?post=687843"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/tags?post=687843"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}