#DigitalChamber

Digital Chamber Sues Illinois to Block Digital Asset Tax Act

45d ago

Digital Chamber Sues Illinois to Block Digital Asset Tax Act

The complaint argues the 2027 levy is a sales tax applied to assets Illinois already classifies as non-possessory, double-taxing what the state itself has said does not exist as property.

CoinTelegraph

Digital Chamber sues Illinois over crypto transaction tax

🔥BULLISH

45d ago

Digital Chamber sues Illinois over crypto transaction tax

The 32-page complaint argues digital assets are being taxed because of the technology itself, not the economic substance, and asks a state court to halt the levy before it takes effect.

TheBlock

Bitcoin lawsuit drops 44 wallets as 46,334 BTC moves on-chain

〽️NEUTRAL

56d ago

Bitcoin lawsuit drops 44 wallets as 46,334 BTC moves on-chain

The plaintiffs ask courts to declare long-dormant Bitcoin abandoned, but the wallets that actually transacted while the case was pending expose the limits of an 'inactivity equals abandonment' theory…