We all know that the crypto world can be a bit of the Wild West at times. We've all heard the horror stories: overnight fortunes vanished, promising projects turning out to be elaborate scams, and the constant fear of getting rugged. Illinois’ SB1797, the Digital Assets and Consumer Protection Act,...
Illinois is taking a stand against cryptocurrency fraud with the introduction of a new bill aimed at protecting investors and fostering a more secure digital asset environment. BlockTraderHub.com is smart crypto traders’ essential resource for intelligence. As per their report, the recently introduced bill, titled SB1797, would create a regulatory...
Illinois Senate Assemb. SB1797 now heads to the Governor’s desk to become law. 39 to 17. Sounds like a landslide, right? Behind those numbers, as you might imagine, is a bitterly contentious fight – one that every state, heck, every nation is wrestling with. It’s not just about safety versus...
The Illinois Senate recently passed Senate Bill 1797, dubbed the Digital Assets and Consumer Protection Act. This purpose of this legislation is to stop cryptocurrency-related fraud and protect investors from unfair, deceptive, and abusive acts and practices. The bill, introduced by Senator Mark Walker in February, aims to provide regulatory...
The new Illinois Blockchain Business Development Act has ignited a firestorm and fostered intense debate in the cryptocurrency world. Still, experts and enthusiasts alike are excitedly speculating about its potential impact. On April 5th, legislators adopted the Act, sometimes referred to as the Crypto Consumer Protection Act. This legislation would...
Details of the Illinois crypto law have rippled like a tsunami through the digital asset universe, and for good reason. Folks across the country are worried and scared by the new law. They argue that it would stifle innovation and drive crypto companies out of the state. You’ve read the...
As the crypto universe continues to change, so too does the threat of an impending regulation. Illinois recently became the latest state to join the fray with its new crypto law. Is this indeed a death knell for digital assets in the Prairie State, or merely a minor speed bump?...
Is Illinois really prepared to throw the Baby out with the Blockchain? The recent passage of the Blockchain Business Development Act and Crypto Consumer Protection Act on 4/5/25 has set the crypto world abuzz. This reaction is entirely understandable in light of the incredible potential impact of the legislation. Their...