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DeFi firms including Uniswap, a16z and Paradigm challenge Illinois 0.2% crypto tax
Uniswap, Andreessen Horowitz (a16z), Paradigm and other DeFi groups filed a brief opposing Illinois’s proposed 0.2% crypto tax. The brief argues the draft broker rules would force decentralized exchanges and their interfaces to collect the levy, which they say is unworkable. The lawsuit was brought by the Crypto Council for Innovation and the Blockchain Association in Sangamon County Circuit Court, with support from the DeFi Education Fund, Aave Labs and Chainlink Labs. The U.S. Justice Department filed a statement of interest on Nov. 6, stating the tax undermines federal policy. Enforcement of the tax was delayed from Jan 1 to July 1 2027 while challenges proceed.