Illinois Governor signs bills to protect citizens from crypto scams

Illinois Governor signs bills to protect citizens from crypto scams

CHICAGO, Ill. (WTWO/WAWV)— On Monday, Illinois Governor J.B. Pritzker signed two bills into law to protect natives from being affected by cryptocurrency scams. The two acts are known as the Digital Assets and Consumer Protection Act (Senate Bill 1797) and the Digital Asset Kiosk Act (Senate Bill 2319). These two acts are said to be put in place to establish regulatory oversight of cryptocurrencies and create specific protections against scams an…

Illinois Governor Signs First-in-Midwest Crypto Consumer Protection Laws - WorldNL Magazine

In brief Illinois Governor J.B. Pritzker signed the Digital Assets and Consumer Protection Act (SB1797), giving regulators authority over crypto exchanges and mandating fraud safeguards. Pritzker also signed the Digital Asset Kiosk Act (SB2319), requiring ATM operators to register, cap fees at 18%, limit transactions, and refund scam victims. Illinois now has about 1,482 crypto ATMs, up from 1,687 in 2022, as lawmakers move ahead of weak federal…

Illinois Governor Accuses Trump of Letting ‘Crypto Bros Write Federal Policy’ - Coin Surges

The Prairie State passed landmark legislation on Monday designed to regulate digital assets and crypto ATMs. JB Pritzker Slams Trump’s Approach to Crypto Policy Democratic Illinois Governor Jay Robert “JB” Pritzker signed two pieces of crypto legislation into law on Monday, then turned around and used the opportunity to slam U.S. President Donald Trump for […] Read Entire Article The post Illinois Governor Accuses Trump of Letting ‘Crypto Bros W…

Illinois Governor JB Pritzker Slams Donald Trump For Letting ‘Crypto Bros’ Shape Policy – MAXBIT

Illinois Governor JB Pritzker slammed US President Donald Trump for allowing “crypto bros” to drive his digital asset policies while signing two bills to regulate […] Source link

Trump blasted for ‘bro’ culture as Illinois Governor enacts tough crypto rules shaking state industry

Illinois Governor JB Pritzker criticized President Donald Trump for allowing crypto insiders to shape federal policy, saying the approach puts investors at risk. In an Aug. 18 post on X, Pritzker contrasted Trump’s approach to his state’s commitment to structured, investor-focused regulations. According to him: “While Trump lets crypto bros write federal policy, Illinois is implementing common-sense protections for investors and consumers. Toda…

New Illinois Law Caps Crypto Kiosk Fees at 18% and Mandates Scam Refunds

Illinois enacts strict crypto laws, granting IDFPR oversight of exchanges and businesses. New rules cap kiosk fees at 18% and mandate refunds for first-time scam victims. Legislation underscores state-level political divides on digital asset regulation. Illinois has enacted two major new cryptocurrency laws, a move designed to crack down on fraud and bring stricter regulation to digital asset businesses. Governor JB Pritzker signed the legislati…