Overview

• Gov. J.B. Pritzker signed SB1797 and SB2319 on Aug. 18, creating a statewide framework for digital assets and specific safeguards for crypto kiosks.
• SB1797 empowers the Illinois Department of Financial and Professional Regulation to supervise digital-asset businesses and require disclosures, cybersecurity, anti-fraud measures, and adequate financial resources.
• SB2319 mandates kiosk operator registration, caps fees at 18%, sets a $2,500 daily limit for new customers, and requires full refunds for qualifying scam victims.
• Refund protections take effect immediately, while broader registration and compliance requirements phase in through a July 1, 2027 deadline.
• Officials cited $272 million in crypto-fraud losses for Illinois residents in 2024 as the impetus, as Pritzker contrasted the move with federal deregulatory actions and Coinbase executives pushed back on his framing.