The Digital Chamber sues Illinois over incoming crypto transaction tax

The Digital Chamber, a coalition of cryptocurrency companies, has filed a lawsuit against the state of Illinois, challenging a new law that imposes a 0.2% tax on digital asset transactions. This move underscores the ongoing tension between regulators and the cryptocurrency industry as states seek to assert their fiscal authority over digital assets. The lawsuit could have broader implications for how other states approach cryptocurrency taxation, potentially setting a precedent for future legal battles over digital currency regulation.