Illinois Governor JB Pritzker has signed the Digital Assets and Consumer Protection Act (SB 1797) and the Digital Assets Self-Help end point Act (SB 2319).
The former authorizes state financial and professional regulators to supervise digital asset exchanges and related enterprises, requiring them to maintain sufficient financial resources and implement cyber security measures; the latter stipulates that operators need to register for the record, give full refunds to victims of fraud, transaction fees shall not exceed 18%, and limit the daily transaction limit for new users to $2,500.
Illinois passes two crypto regulation bills covering exchanges and crypto ATMs
2025-08-19 03:24:46
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