Uniswap, a16z and DEF seek DeFi carve-outs from Illinois crypto tax rules
AI summary
Uniswap, a16z and the DeFi Education Fund are asking Illinois to carve out DeFi activities from its proposed crypto tax rules. They want wallet withdrawals and bridging excluded from a levy calculated on asset value, and a private-key recordkeeping requirement removed. The outcome matters to traders because a broad state-level tax on transfers and bridging could raise costs and compliance burdens for DeFi users and protocols.
