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      Industry Groups Challenge Illinois Digital Asset Tax Act

      On August 21, two digital asset industry trade associations announced a lawsuit in the Circuit Court of Sangamon County challenging Illinois’s Digital Asset Tax Act. The Act, which takes effect January 1, 2027, imposes a 0.2% tax on the value of digital assets involved in certain exchanges, transfers, and storage activities conducted through digital asset brokers....
      By: Sheppard, Mullin, Richter & Hampton LLP

      Source: JD Supra
      .

      Terra Founder Do Kwon Sentenced to 15 Years in Prison for Fraud