Illinois Moves Closer To Accepting Crypto for Taxes, but Not Considering Legal Tender Status
Sponsored
Sponsored
Illinois state representative sponsors another bill aimed at bringing regulatory clarity to the space Illinois will not be taking after other states looking to establish bitcoin as legal tender A…
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Illinois is set to drop its staking-related lawsuit against Coinbase in a new development. This move marks another state’s retreat in the ongoing legal battle between U.S. states and the popular cryptocurrency exchange. This move follows a pattern of states reevaluating their stance on staking charges. This came after the…
Coinbase sued in Illinois for collecting faceprints without consent. Lawsuit alleges violations of Illinois’ Biometric Privacy Act. According to the lawsuit, Coinbase Global Inc. is accused by the Illinois attorney general of violating the state’s Biometric Information Privacy Act (BIPA). A complaint was filed in a court on May 13,…
Coinbase has filed lawsuits against Illinois, Michigan, and Connecticut, while challenging state efforts to regulate prediction markets and asking federal courts to clarify who has oversight authority. In its filings, the crypto exchange is seeking declaratory and injunctive relief, arguing that prediction markets fall under the exclusive jurisdiction of the…