| Mobile Web

Search results for Digital Chamber

Crypto

U.S. crypto industry goes to court to block Illinois 0.2 percent tax on coin trades

U.S. cryptocurrency industry groups have asked a court to urgently halt Illinois\' planned 0.2 percent digital asset tax, due to take effect next year. The Crypto Council for Innovation and the Blockchain Association filed for a preliminary injunction in Sangamon County and have already sued, arguing the law is unconstitutional. Illinois expects about $60 million a year in revenue. The industry says unclear scope would force costly systems and could drive businesses and users elsewhere.

Crypto

White House crypto adviser to take months-long leave for military training, new variable for CLARITY Act

Patrick Witt, who has handled White House digital asset policy work, will be away for several months from late July for military training. He is expected to wrap up work on July 24 and attend legal officer training with the Georgia Army National Guard, which would qualify him to serve as a legal officer. His absence overlaps with late-stage Senate talks on the CLARITY Act, a comprehensive digital asset market framework, and could affect coordination.

Crypto

U.S. Senate cools to crypto pitch on cost of living relief

At a U.S. Senate hearing, the digital asset industry presented cryptocurrencies as a way to ease Americans’ cost-of-living pressures, but lawmakers were largely cool. Senator John Kennedy said testimony from Digital Chamber CEO Cody Carbon sounded closer to promoting crypto. Few senators asked questions about digital assets. The industry also urged Senate action on the market-structure CLARITY Act, though added ethics provisions and regulatory jurisdiction disputes could complicate passage.