Crypto lobby group TDC sues Illinois to block digital asset tax

The crypto lobby group TDC, also known as Digital Chamber, has filed a lawsuit against the state of Illinois. The legal action aims to block the implementation of a digital asset tax that is scheduled to launch before 2027. This move by the Digital Chamber seeks to prevent the enforcement of the tax on digital assets within the state, challenging the regulatory framework established by Illinois authorities regarding the taxation of these specific financial instruments.