Illinois Governor JB Pritzker criticized US President Donald Trump to allow him to “Bruce Chefir” to direct the policy as two new projects to regulate encryption occurred in the state on Monday.
“While the Trump administration allows to encrypt Boss to write federal policy, Illinois implements protection from proper charging for investors and consumers,” He said Governor Pritzker on Monday while approves the legislation.
The policy of retaliatory has become a state level since the Republicans have won the ground collapse elections in November, where some states such as Texas and Arizona embraced the industry completely while others, such as the stronghold of Democrats Illinois, are taking a more cautious position.
The first draft law, the law of digital assets and consumer protection (SB 1797The Ministry of Financial and Vocational Organization in Illinois is granted to supervise the exchange of digital assets and companies. The Senate passed in Illinois in April.
Legislation requires encryption companies and exchanges to maintain adequate financial resources, implement cybersecurity measures, combat fraud, provide investment disclosure, and follow customer service standards similar to traditional financial services.
“While the fraudsters continue to develop, and consumer protection is compatible at the federal level, Illinois sends a clear message that we will not tolerate the benefit of our people and their origins that have gained hardship,” said Pritzker.
ATM regulations for encryption
Illinois Governor also signed the Digital Asset Class Law (SB 2319), Which specifically targets the cryptocurrencies or ATMs by asking operators to register with government organizers, providing full recovered amounts for fraud victims, 18 % CAP transactions, and reducing daily transactions to $ 2500 for new customers.
Actor Edgar Gonzalez Junior said: “The Illinois people deserve reliable and consistent guarantees, regardless of the financial service they use for their money with difficulty.”
Related to: Coinbase faces a lawsuit for alleged violations of the biometric privacy law in Illinois
It lost about $ 272 million in coding fraud cases in 2024, making Illinois the fifth highest state in the country for losses, According to To the FBI.
Trump Tiraid continues
The ruler’s office continued to attack the policies of Donald Trump’s encryption, saying that the Trump administration “has actively led to the liberalization of the encryption industry at a time when consumers are increasingly at risk of fraud.”
They specifically cited Trump’s signing in April a draft law that canceled a revised base of internal revenue service that expanded the broker definition to include decentralized financial stock exchanges.
Bitcoin Strategic Reserve in Illinois
The state is not the most supportive in America, after rapidly canceled a draft law indicating its investment in Bitcoin (BTC).
The actor at Illinois John Capello presented the draft law of 1844 in January with the aim of creating a strategic reserve for Bitcoin for the state treasury to buy the original and hold it for five years.
However, the bill Pass Voting at the committee level, according to Bitcoin laws.
magazine: Coinbase calls for the “full -range” Alt season, Ether Eyes $ 6K $: Hodler’s Digest
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2025-08-19 03:08:00
