Illinois Takes a Stand
Governor JB Pritzker has signed two landmark bills into law, aiming to make Illinois a model for crypto consumer protection.
The Digital Assets and Consumer Protection Act (SB 1797)
- Gives regulators oversight of crypto exchanges and businesses.
- Requires cybersecurity standards, disclosures, and customer safeguards.
The Digital Asset Kiosk Act (SB 2319)
- Cracks down on cryptocurrency ATMs.
- Forces operators to register.
- Caps fees at 18%.
- Limits new user transactions to $2,500.
- Requires refunds for scam victims.
A Direct Shot at Trump
Pritzker blasted Trump’s administration, accusing it of letting “crypto bros” dictate national policy while consumers face fraud risks.
His office criticized Trump for rolling back IRS rules that would have tightened reporting requirements on DeFi brokers.
Illinois Draws a Line
The state has rejected proposals to buy Bitcoin for its treasury. Meanwhile, red states like Texas continue to embrace crypto.
With over $272 million in fraud losses in 2024, Illinois is sending a clear message: protecting citizens comes first.
