Illinois passes two cryptocurrency regulatory bills concerning exchanges and crypto ATMs

2025-08-19 11:21:46

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ChainCatcher news, according to Cointelegraph, Illinois Governor JB Pritzker has signed the Digital Asset and Consumer Protection Act (SB 1797) and the Digital Asset Self-Service Terminal Act (SB 2319).

The former authorizes the state’s Department of Financial and Professional Regulation to oversee digital asset exchanges and related businesses, requiring them to maintain sufficient financial resources and implement cybersecurity measures; the latter addresses cryptocurrency ATMs, stipulating that operators must register, provide full refunds to scam victims, limit transaction fees to no more than 18%, and restrict new users to a daily transaction limit of $2,500.

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Illinois Cryptocurrency Regulation Bill

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