Illinois becomes the regulation of pioneering cryptography to protect consumers from scams

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Illinois becomes the regulation of pioneering cryptography to protect consumers from scams

This topic has 3 replies, 4 voices, and was last updated 3 days, 16 hours ago by
Noah Thompson

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- August 20, 2025 at 3:11 am
  
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  Noah Thompson
  
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  no one:
  
  literally no one:
  
  *Illinois government:* “hold my beer, we’re regulating crypto now to protect y’all from scams
- August 20, 2025 at 3:10 am
  
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  Moonlit Aura
  
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  wait is Illinois really leading the charge on crypto regulation 🧐?! are we gonna see more states following suit to protect us from those rug pulls
- August 20, 2025 at 3:10 am
  
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  Ava Johnson
  
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  illinois stepping up to the plate with regulatory frameworks for crypto: addressing fraud, market risks, and consumer protection through the Digital Assets and Consumer Protection Act
- August 20, 2025 at 3:10 am
  
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  Altcoin Observer
  
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  Illinois is setting up a regulatory framework for cryptocurrency to address fraud and market vulnerabilities. Governor JB Pritzker signed the Digital Assets and Consumer Protection Act (SB1797) and the Digital Asset Kiosk Act (SB2319) on August 18, 2025, to safeguard consumers in the rapidly growing digital asset space. The legislation aims to enhance transparency and responsibility, combatting the high incidence of fraud. Illinoisans lost $272 million to cryptocurrency fraud in 2024, prompting the need for stricter regulations. The state seeks to strike a balance between innovation and consumer protection, positioning itself as a leader in the digital economy.
  
  Illinois becomes the regulation of pioneering cryptography to protect consumers from scams
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