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K&L Gates LLP

Illinois Enacts Its Own Digital Assets Laws

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On 18 August 2025, Illinois Governor JB Pritzker signed into law the Digital Assets and Consumer Protection Act (the Act), granting the Illinois Department of Financial and Professional Regulation (the Department) supervisory...more

Paul Hastings LLP

SEC and CFTC Clarify Spot Crypto Trading Rules While Illinois Enacts New Crypto Laws

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Recent policy developments highlight continued momentum in digital asset regulation across federal agencies and state legislatures. The SEC and CFTC jointly issued staff guidance clarifying that current law does not prohibit...more

Mayer Brown

Illinois Adopts Regulatory Regime for Digital Assets

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On August 18, 2025, Illinois enacted Senate Bill 1797, the Digital Assets and Consumer Protection Act (the “Act”), establishing a regulatory framework designed to enhance customer protections for digital asset activities and...more

Orrick, Herrington & Sutcliffe LLP

Illinois enacts two new consumer protection laws regulating digital assets

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On August 18, Governor Pritzker of Illinois announced he had signed two comprehensive pieces of consumer protection legislation: The Digital Assets and Consumer Protection Act, which will regulate digital asset companies; and...more

Troutman Pepper Locke

Illinois Passes New Laws Designed to Safeguard Consumers Against Cryptocurrency Fraud

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Last week, Illinois Governor JB Pritzker signed two landmark pieces of legislation aimed at protecting consumers from cryptocurrency scams and fraud. The Digital Assets and Consumer Protection Act (SB1797) and the Digital...more

Cozen O'Connor

Illinois Insights: An update from Cozen O'Connor (8/20)

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Pritzker, taking aim at Trump, crypto ‘bros,’ signs laws to regulate digital currency industry, crypto ATMS - “These real-life examples of people falling prey to scammers and using cryptocurrency kiosks to send them large...more

Cozen O'Connor

Illinois Insights: An update from Cozen O'Connor (8/13)

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Pritzker Signs ‘Sonya Massey’s Bill’ Into Law, Requiring Stricter Background Checks for Police Hiring- “The new law requires law enforcement agencies across Illinois to review all aspects of a person’s background and...more

Cozen O'Connor

Illinois Insights: An update from Cozen O'Connor (8/11)

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Gov. JB Pritzker, on ‘Meet the Press,’ says he won't rule out 2028 presidential run- “Gov. JB Pritzker on Sunday’s “Meet the Press with Kristen Welker” said he’s not ruling out a 2028 presidential run — and called President...more

Shipkevich PLLC

Illinois Proposes Consumer Protection Measures for Cryptocurrencies and Digital Assets

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On February 21, 2023, the Illinois Department of Financial and Professional Regulation (IDFPR) unveiled a Consumer Financial Protection and Innovation Package, consisting of two legislative initiatives that aim to protect...more

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