Multiple crypto institutions jointly submit amicus curiae briefs to support the Blockchain Association's lawsuit against Illinois tax law
2026-11-12 23:10:56
According to CoinMeta, led by a16z, DeFi Education Fund, Paradigm, and Uniswap, a coalition of multiple crypto industry organizations including AAVE Labs, Aptos Labs, Chainlink Labs, Multicoin Capital, Phantom Technologies, and Solana Policy Research Institute jointly submitted an amicus curiae brief (amicus brief) in support of the lawsuits filed by the Blockchain Association (Blockchain Association), the Crypto Innovation Committee (CCI), and the Digital Chamber of Commerce (The Digital Chamber) against Illinois' Digital Assets Tax Act. The bill, signed by Governor JB Pritzker, proposes to impose a 0.2% tax on digital asset transactions. The signatories pointed out in the brief that the bill not only imposes unfair and discriminatory taxes on blockchain technology but also fails to clearly define the boundaries between taxable commercial activities and the provision of autonomous trading software and network infrastructure to users.
Bullish 0
Bearish 0
Source:The Block
This content is for market information only and does not constitute investment advice.