a16z Frontier, DeFi Education Fund, and Uniswap Oppose Illinois Digital Asset Tax Rules

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On October 31, 2026, a16z Frontier, the DeFi Education Fund, and Uniswap opposed Illinois’ proposed digital asset regulation. a16z Frontier’s General Counsel, Miles Jennings, stated that the rules overreach by requiring DEXs to function as tax-collecting brokers—a role incompatible with autonomous software. The law could also impose capital gains tax on non-transactional asset transfers, similar to taxing internal transfers between bank accounts. The Crypto Innovation Council and the Blockchain Association are also challenging the law in court.

[a16z Frontier, DeFi Education Fund, and Uniswap Oppose Proposed Illinois Digital Asset Tax Rules] Gold财经 reports that on October 31, Miles Jennings, Policy Lead and General Counsel at a16z Frontier, stated that a16z Frontier, the DeFi Education Fund, and Uniswap have joined efforts to oppose Illinois’ proposed Digital Asset Tax Act. He noted that the proposed implementing rules exceed the law’s authorized scope by treating many decentralized exchanges (DEXs) as brokers obligated to withhold taxes, despite the fact that autonomous software cannot fulfill such obligations; the rules may also tax asset transfers by residents that do not involve trading—similar to taxing transfers between checking and savings accounts. Additionally, the Crypto Council for Innovation (CCI) and the Blockchain Association are challenging the law through litigation.

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