Illinois Governor JB Pritzker signed two bills regulating crypto in the state, criticizing Trump for letting “crypto bros” influence federal policy. The bills aim to protect consumers from scams and require exchanges to follow financial regulations. Illinois lost $272 million in crypto fraud cases in 2024, ranking fifth in the nation for losses.

One bill targets crypto ATMs, requiring operators to register, provide refunds to scam victims, cap fees at 18%, and limit daily transactions. The state aims to protect consumers using financial services. Illinois rejected a bill proposing a strategic Bitcoin reserve, showing caution towards crypto investments. Governor’s office criticizes Trump for deregulating the crypto industry, citing recent actions.

Read more at Cointelegraph: Illinois Passes Crypto Consumer Protection Laws