Update
a16z, Uniswap Urges Illinois Regulators to Overhaul Cryptocurrency Tax Rules
Venture capital firm Andreessen Horowitz (a16z), along with Uniswap Labs and the DeFi Education Fund, has urged Illinois regulators to revise proposed cryptocurrency tax regulations. They warn that the rules could effectively ban decentralized finance (DeFi) activity in the state, citing concerns about security risks and the inability of decentralized exchanges (DEXs) to comply with the proposed requirements.