Uniswap, Andreessen Horowitz (a16z) and the DeFi Education Fund (DEF) have submitted formal comments on draft rules for Illinois' proposed 0.2% tax on crypto asset value, pushing for exemptions that would shield core DeFi activity from the levy.
The groups are seeking to exclude wallet withdrawals and cross-chain bridging transactions from the taxable base, arguing these operations should not trigger the assessment. The comments respond to the state's draft regulatory framework outlining how the 0.2% tax on asset value would be applied.
Uniswap, a16z and DEF Seek Exemptions From Illinois' 0.2% Crypto Asset Tax
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