All Roll Calls
Yes: 283 • No: 132
IllinoisSB2319104th General Assembly (2025–2026)SenateWALLET
VIRTUAL CURRENCY CONSUM PROT
Sponsored By: Laura Ellman (Democratic)
Became Law
assignmentsexecutivefinancial institutions and licensing
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Bill Overview
Analyzed Economic Effects
6 provisions identified: 2 benefits, 2 costs, 2 mixed.
Bonds and capital required to operate
Operators must keep a surety bond that is the greater of $100,000 or 100% of the monthly Illinois transaction value (based on the most recent quarter), capped at $2,000,000. Operators must also keep tangible net worth of at least the greater of $100,000 or a sliding percentage of assets: 3% of the first $100 million, 2% of the next $900 million, and 0.5% above $1 billion. The Secretary may grant exemptions.
Refunds, disclosures, and help for users
Kiosks must show clear prices, fees, risks, and refund steps before each transaction and give you a detailed receipt. Live customer service is required during operating hours, with a toll‑free number on the kiosk. Operators must keep a written anti‑fraud policy and use blockchain analytics to block known scam wallets. If you were fraudulently induced, you can get a full refund by contacting the operator within 30 days and filing a police or government report within 60 days. New customers can get refunds for up to three fraudulent transactions in their new‑customer period. The state posts kiosk locations and operator contacts, and operators must keep a monitored phone or email for law enforcement. If a kiosk breaks the rules on daily limits, fee caps, or refunds, you can sue and recover reasonable attorney’s fees and court costs if you win.
Stronger state enforcement of kiosks
This law applies to any digital asset kiosk in Illinois. The Department can write rules, register or revoke operators, subpoena records, examine books, and hold hearings. The Secretary can issue cease‑and‑desist orders before a hearing, and the operator can request a hearing within 10 days. The Secretary, through the Attorney General, can seek court orders to stop violations and treat deals made to evade the law as covered. The Secretary can fine up to $25,000 per count (up to $75,000 for certain violations), order restitution, and suspend a registration for up to 180 days in emergencies. Some government and insured financial entities are exempt, and the Department can grant other exemptions. Listed sections are repealed on the date SB 1797 becomes law.
New fees and fund for oversight
Each registration application must include a nonrefundable $5,000 fee. For exams, operators pay $150 per examiner hour (or part of an hour) plus travel costs. Operators also pay a yearly pro rata assessment based on their share of Illinois kiosk transaction value. These receipts go into the Digital Asset Kiosk Fund to run the program. The Fund section is repealed if SB 1797 becomes law.
Daily limits and fee caps at kiosks
This law limits how much you can buy or sell at a kiosk each day. New customers are capped at $2,500 a day. Existing customers are capped at $10,500 a day. It also caps what kiosks can charge per transaction at the greater of $5 or 18% of the transaction value, based on the market price when you start.
Registration and yearly filings for operators
You must register with the Department to operate a digital asset kiosk in Illinois. The application requires principals’ backgrounds, audited financials, disclosures, AML statements, and a surety bond. The Secretary can deny registrations that do not protect the public; you can request a hearing. You must renew each year by December 1 and report material changes. Operators active on the law’s effective date are not required to register until July 1, 2027.
Sponsors & Cosponsors
Sponsor
Laura Ellman
Democratic • Senate
Cosponsors
Christopher Belt
Democratic • Senate
Curtis J. Tarver, II
Democratic • House
Doris Turner
Democratic • Senate
Graciela Guzmán
Democratic • Senate
Karina Villa
Democratic • Senate
Laura M. Murphy
Democratic • Senate
Mark L. Walker
Democratic • Senate
Mary Edly-Allen
Democratic • Senate
Mattie Hunter
Democratic • Senate
Mike Porfirio
Democratic • Senate
Natalie A. Manley
Democratic • House
Sara Feigenholtz
Democratic • Senate
Roll Call Votes
Senate vote • 6/1/2025
House Floor Amendment No. 1 Senate Concurs
Yes: 39 • No: 18
House vote • 5/31/2025
Third Reading - Short Debate - Passed
Yes: 81 • No: 36
Senate vote • 5/31/2025
House Floor Amendment No. 1 Motion To Concur Recommended Do Adopt Executive;
Yes: 9 • No: 4
House vote • 5/30/2025
House Floor Amendment No. 1 Recommends Be Adopted Financial Institutions and Licensing Committee;
Yes: 8 • No: 4
House vote • 5/29/2025
Do Pass / Short Debate Financial Institutions and Licensing Committee;
Yes: 8 • No: 4
House vote • 5/28/2025
Motion to Suspend Rule 21 - Prevailed
Yes: 70 • No: 39
Senate vote • 5/22/2025
Third Reading - Passed;
Yes: 39 • No: 19
Senate vote • 5/21/2025
Senate Floor Amendment No. 3 Recommend Do Adopt Executive;
Yes: 9 • No: 4
Senate vote • 5/8/2025
Senate Floor Amendment No. 1 Recommend Do Adopt Executive;
Yes: 8 • No: 3
Senate vote • 4/9/2025
Do Pass Executive;
Yes: 12 • No: 1
Actions Timeline
Public Act . . . . . . . . . 104-0429
8/18/2025SenateEffective Date August 18, 2025
8/18/2025SenateGovernor Approved
8/18/2025SenateSent to the Governor
6/30/2025SenatePassed Both Houses
6/1/2025SenateSenate Concurs
6/1/2025SenateHouse Floor Amendment No. 1 Senate Concurs 039-018-000
6/1/2025Senate3/5 Vote Required
6/1/2025SenateHouse Floor Amendment No. 1 Motion To Concur Recommended Do Adopt Executive; 009-004-000
5/31/2025SenateAdded as Chief Co-Sponsor Sen. Mattie Hunter
5/31/2025SenateHouse Floor Amendment No. 1 Motion to Concur Assignments Referred to Executive
5/31/2025SenateHouse Floor Amendment No. 1 Motion to Concur Referred to Assignments
5/31/2025SenateHouse Floor Amendment No. 1 Motion to Concur Filed with Secretary Sen. Laura Ellman
5/31/2025SenatePlaced on Calendar Order of Concurrence House Amendment(s) 1 - May 31, 2025
5/31/2025SenateSecretary's Desk - Concurrence House Amendment(s) 1
5/31/2025SenateThird Reading - Short Debate - Passed 081-036-000
5/31/2025HousePlaced on Calendar Order of 3rd Reading - Short Debate
5/31/2025HouseHouse Floor Amendment No. 1 Adopted
5/31/2025HouseHouse Floor Amendment No. 1 Recommends Be Adopted Financial Institutions and Licensing Committee; 008-004-000
5/30/2025HouseHouse Floor Amendment No. 1 Rules Refers to Financial Institutions and Licensing Committee
5/30/2025HouseHeld on Calendar Order of Second Reading - Short Debate
5/29/2025HouseSecond Reading - Short Debate
5/29/2025HouseHouse Floor Amendment No. 1 Referred to Rules Committee
5/29/2025HouseHouse Floor Amendment No. 1 Filed with Clerk by Rep. Curtis J. Tarver, II
5/29/2025HousePlaced on Calendar 2nd Reading - Short Debate
5/29/2025House
Bill Text
Engrossed
Enrolled
House Amendment 1
Introduced
Senate Amendment 1
Senate Amendment 2
Senate Amendment 3