Close Menu
Cryprovideos
    What's Hot

    JPMorgan to Let Purchasers Use Bitcoin and Ether as Collateral for Loans: Report – Decrypt

    October 24, 2025

    Crypto treasuries siphon $800B from altcoins, and it may be ‘perpetually’

    October 24, 2025

    Inflation Report Eyed; Multicoin Proposes Consideration Perps: Crypto Daybook Americas

    October 24, 2025
    Facebook X (Twitter) Instagram
    Cryprovideos
    • Home
    • Crypto News
    • Bitcoin
    • Altcoins
    • Markets
    Cryprovideos
    Home»Crypto News»Illinois Governor Slams Trump’s Crypto Backers Whereas Signing New Guidelines
    Illinois Governor Slams Trump’s Crypto Backers Whereas Signing New Guidelines
    Crypto News

    Illinois Governor Slams Trump’s Crypto Backers Whereas Signing New Guidelines

    By Crypto EditorAugust 19, 2025Updated:August 19, 2025No Comments3 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Illinois Governor Slams Trump’s Crypto Backers Whereas Signing New Guidelines

    Trusted Editorial content material, reviewed by main trade consultants and seasoned editors. Advert Disclosure

    Illinois on Monday authorized two new legal guidelines that give state regulators stronger instruments to police crypto companies and curb scams at cash-to-crypto kiosks.

    The governor used the second to criticize US President Donald Trump for latest federal strikes that, in keeping with his workplace, loosen protections for shoppers.

    State Offers Regulator New Powers

    SB 1797 arms the Illinois Division of Monetary and Skilled Regulation authority to oversee digital-asset exchanges and associated corporations.

    “Whereas the Trump Administration is letting crypto bros write federal coverage, Illinois is implementing common sense protections for buyers and shoppers,” Governor JB Pritzker stated.

    Whereas Trump lets crypto bros write federal coverage, Illinois is implementing common sense protections for buyers and shoppers.

    At this time, I’ve signed into legislation first-of-their-kind safeguards within the Midwest for cryptocurrency and different digital property.

    We received’t tolerate fraudsters.

    — Governor JB Pritzker (@GovPritzker) August 18, 2025

    In keeping with lawmakers, the measure forces firms to carry sufficient cash, put up cybersecurity and anti-fraud methods, clarify funding disclosures, and meet customer support requirements much like different monetary companies.

    The invoice handed the state Senate in April and can make it clearer who solutions to state guidelines and who doesn’t.

    Kiosk Guidelines Goal To Curb Scams

    The second legislation, SB 2319, targets cryptocurrency kiosks and ATMs. Studies have disclosed a number of concrete limits: operators should register with regulators, kiosks should supply full refunds to qualifying rip-off victims, transaction charges can’t exceed 18%, and new clients face a $2,500 every day restrict.

    These particular numbers are supposed to decelerate dangerous actors and provides individuals a clearer path in the event that they’re cheated. State lawmakers and shopper advocates have stated these steps are lengthy overdue.

    BTCUSD buying and selling at $115,077 on the 24-hour chart: TradingView

    A Political Line Drawn

    Pritzker used his signing remarks to attract a distinction with Washington. Based mostly on experiences from the governor’s workplace, he accused the federal authorities of stepping again from protections after an April signing that overturned a revised IRS rule about who counts as a dealer in decentralized finance.

    “At a time when fraudsters proceed to evolve and shopper protections are being eroded on the federal stage, Illinois is sending a transparent message that we received’t tolerate benefiting from our individuals and their hard-earned property,” ​Pritzker stated.

    He framed the state legal guidelines as a direct response to rising fraud and a federal posture he sees as friendlier to trade gamers than to on a regular basis customers.

    Featured picture from ABC Information, chart from TradingView

    Illinois Governor Slams Trump’s Crypto Backers Whereas Signing New Guidelines

    Editorial Course of for bitcoinist is centered on delivering completely researched, correct, and unbiased content material. We uphold strict sourcing requirements, and every web page undergoes diligent evaluation by our group of high know-how consultants and seasoned editors. This course of ensures the integrity, relevance, and worth of our content material for our readers.





    Supply hyperlink

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Crypto treasuries siphon $800B from altcoins, and it may be ‘perpetually’

    October 24, 2025

    Inflation Report Eyed; Multicoin Proposes Consideration Perps: Crypto Daybook Americas

    October 24, 2025

    Crypto Information Immediately: 21Shares Updates Sui ETF with Staking and Nasdaq Itemizing Particulars

    October 24, 2025

    Jamie Dimon’s JPMorgan Embraces Crypto: BTC and ETH to Be Used as Collateral (Report)

    October 24, 2025
    Latest Posts

    JPMorgan to Let Purchasers Use Bitcoin and Ether as Collateral for Loans: Report – Decrypt

    October 24, 2025

    Improve Your Bitcoin Mining Revenue in 2025

    October 24, 2025

    JPMorgan to Settle for Bitcoin as Mortgage Collateral for Establishments – Bitbo

    October 24, 2025

    Bitcoin Loans: MultiSYG by Sygnum & Debifi to Launch 2026

    October 24, 2025

    Bitcoin And Astrology: Moon Cycles Predict When The BTC Value Will Contact $138,000

    October 24, 2025

    Jamie Dimon’s JPMorgan Embraces Crypto: BTC and ETH to Be Used as Collateral (Report)

    October 24, 2025

    Dormant 4,000 BTC Miner Pockets Awakens Amid Potential Quantum Assault Fears

    October 24, 2025

    Bitcoin Bull Run Targets Are Rising—Ozak AI Worth Prediction Could Outperform

    October 24, 2025

    CryptoVideos.net is your premier destination for all things cryptocurrency. Our platform provides the latest updates in crypto news, expert price analysis, and valuable insights from top crypto influencers to keep you informed and ahead in the fast-paced world of digital assets. Whether you’re an experienced trader, investor, or just starting in the crypto space, our comprehensive collection of videos and articles covers trending topics, market forecasts, blockchain technology, and more. We aim to simplify complex market movements and provide a trustworthy, user-friendly resource for anyone looking to deepen their understanding of the crypto industry. Stay tuned to CryptoVideos.net to make informed decisions and keep up with emerging trends in the world of cryptocurrency.

    Top Insights

    Trump Appoints Ex-PayPal COO David Sacks As AI, Crypto Czar

    December 9, 2024

    Crypto Biz: Has SEC’s Venture Crypto been priced in?

    August 8, 2025

    Crypto Biz: Ripple’s ‘defining second,’ Binance’s ongoing purge

    April 12, 2025

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    • Home
    • Privacy Policy
    • Contact us
    © 2025 CryptoVideos. Designed by MAXBIT.

    Type above and press Enter to search. Press Esc to cancel.