Illinois enacts strict crypto laws, granting IDFPR oversight of exchanges and businesses. New rules cap kiosk fees at 18% and mandate refunds for first-time scam victims. Legislation underscores state-level political divides on digital asset regulation. Illinois has enacted two major new cryptocurrency laws, a move designed to crack down on fraud and bring stricter regulation to digital asset businesses. Governor JB Pritzker signed the legislation on Monday, framing the measures as necessary safeguards at a time of growing scams and limited federal action. While Trump lets crypto bros write federal policy, Illinois is implementing common-sense protections for investors and consumers. Today, I've signed into law first-of-their-kind safeguards in the Midwest for cryptocurrency and other digital assets. We won't tolerate fraudsters. — Governor JB Pritzker (@GovPritzker) August 18, 2025 New Law Sets Strict Rules for Crypto Exchanges The first bill, the Digital Assets and Consumer Protection Act (SB 1797), creates a new regulatory framework that gives the state’s Department of Financial and Professional Regulation (IDFPR) direct authority over crypto exchange… The post New Illinois Law Caps Crypto Kiosk Fees at 18% and Mandates Scam Refunds appeared first on Coin Edition .
