Crypto lobby group TDC files lawsuit to block Illinois digital asset tax

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A crypto industry lobby group known as TDC has filed a lawsuit against the state of Illinois to prevent a newly enacted digital asset tax from taking effect. Illinois passed a 0.2% tax applicable to all cryptocurrency transactions last month. The tax is scheduled to come into force next year. TDC is challenging the measure through legal action, seeking to block its implementation before it affects market participants.

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