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The Digital Chamber

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@DigitalChamber

The Digital Chamber is the world's oldest, largest, and leading #blockchain trade association.
Washington, D.C. digitalchamber.org Joined August 2014
3.5K Following 40K Followers 9.2K Posts

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The Digital Chamber Verified account @DigitalChamber
Sending $1 through a traditional payment platform and sending $1 in a dollar-backed stablecoin are economically equivalent transactions. Yet Illinois’ Digital Asset Tax taxes only one of them.

Yesterday, @DigitalChamber and @ILBlockchainIBA filed a motion for summary judgment against this discriminatory tax. The motion shows it violates the Illinois Constitution, the U.S. Constitution, and the federal Internet Tax Freedom Act, and asks the court to permanently block its enforcement.

Thank you to Angela Papalaskaris, @Teresagoody, @AndoniOlta, and Tristyn Meyer of @BellementisPLLC for their work in bringing this motion forward. Read more: digitalchamber.org/wp-content/upl…
1 replies 2 reposts 12 likes 1.6K views View on X
The Digital Chamber Verified account @DigitalChamber
The Digital Chamber is thrilled to welcome @ethena Labs as a new member!

Ethena is a digital asset platform focused on developing globally accessible, crypto-native financial products and infrastructure. Through its synthetic dollar, USDe, and associated infrastructure, Ethena aims to expand access to and utility of digital dollars and enable more efficient movement of capital across centralized and decentralized financial markets.
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