SB1797

DIGITAL ASSETS & CONS PROT ACT

Complete·8/18/25

Illinois SB1797 establishes consumer protections for digital assets and cryptocurrency transactions.

Illinois SB1797, known as the Digital Assets & Consumer Protection Act, aims to safeguard consumers involved in digital asset and cryptocurrency transactions. The act sets forth regulations to ensure transparency, security, and accountability in the digital asset market. It affects consumers who engage in cryptocurrency transactions, providing them with necessary protections and guidelines.

Included in complete analysis

  • Overview
  • Core Provisions
  • Implementation
  • Impact
  • Legal Framework
  • Critical Issues

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Sponsors

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17
0
Democratic CaucusRepublican Caucus

Roll Call Votes

41 Yea

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15 Nay

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3 Not Voting

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Calendar

May 28, 2025

9:00 AM

Financial Institutions and Licensing Committee Hearing

May 28, 2025

2:00 PM

Financial Institutions and Licensing Committee Hearing

History

Aug 18, 2025

Senate

Governor Approved

Aug 18, 2025

Senate

Effective Date August 18, 2025

Aug 18, 2025

Senate

Public Act . . . . . . . . . 104-0428