Uniswap, a16z and DEF Seek DeFi Exemptions From Illinois Crypto Tax Rules

Uniswap, a16z, and DEF are seeking exemptions from Illinois crypto tax rules for DeFi. They want wallet withdrawals and bridging excluded from a levy calculated on asset value, and a private-key recordkeeping requirement removed. The groups argue these provisions would burden decentralized finance protocols and hinder innovation in the state.