Illinois Takes Action Against Crypto Scams, Enacting First-of-Their-Kind Consumer Protections

Governor JB Pritzker of Illinois has signed two groundbreaking bills establishing the first-ever cryptocurrency consumer protections in the Midwest region. The Digital Assets and Consumer Protection Act sets regulatory oversight while the Digital Asset Kiosk Act targets scam prevention. This action follows Illinois losing $272 million to crypto fraud in 2024, making it the most common financial fraud affecting residents over the past year.