Crypto lobbying group TDC has filed a lawsuit seeking to stop Illinois’ Digital Asset Tax Act from taking effect, according to ChainCatcher. Based on the information provided, the tax would apply to any company that is headquartered in Illinois, or operates in the state and offers digital asset services there. No additional details on the filing, court venue, or timeline were disclosed in the source material.
Crypto lobbying group TDC has filed a lawsuit to prevent Illinois’ Digital Asset Tax Act from taking effect, according to ChainCatcher.
Under the information provided, the tax would apply to any company headquartered in Illinois, or any company operating in the state and offering digital asset services there.
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