Anchorage Digital Backs Lawsuit to Block Illinois Crypto Tax

Federally chartered cryptocurrency bank Anchorage Digital submitted a declaration to a court in support of a lawsuit that aims to block an Illinois law that will tax crypto when it is exchanged, transferred or held in storage, the company said in a Tuesday (Sept. The lawsuit was brought by the Blockchain Association and the Crypto Council for Innovation . It targets an Illinois law, the Digital Asset Tax Act , that is set to take effect Jan.