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

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Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 30/10/2026, 13:57:24 UTC.

Briefings

Three major DeFi protocol founders and investors from Uniswap, a16z, and DEF are requesting exemptions from Illinois' new crypto tax rules. Their request specifically targets wallet withdrawals and bridging transactions, which are currently taxed on asset value. The groups argue these activities should be excluded from the levy, and they also seek to remove the requirement for private-key recordkeeping. This development is significant as it could alter how DeFi transactions are taxed in the US. The evidence indicates the groups are actively pursuing this exemption, but the specific legal mechanisms and timeline for implementation remain unclear.

Key points

• Uniswap, a16z, and DEF are requesting exemptions from Illinois' crypto tax levy for wallet withdrawals and bridging transactions.
• The groups also seek to remove the private-key recordkeeping requirement for these specific activities.

Context

Illinois recently implemented a crypto tax levy on asset value. Uniswap, a16z, and DEF are seeking exemptions for specific transaction types, potentially changing how DeFi transactions are taxed in the US.

Limitations

The evidence indicates the groups are actively pursuing exemptions but does not specify the exact legal timeline or implementation details. The specific mechanisms for the exemptions and the exact date of implementation remain unclear.

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