# Illinois SB2319: VIRTUAL CURRENCY CONSUM PROT Illinois SB2319, VIRTUAL CURRENCY CONSUM PROT, is a 104th General Assembly (2025–2026) Senate bill sponsored by Laura Ellman (Democratic); status signed, last action 2025-08-18 (Public Act . . . . . . . . . 104-0429); PRIA reads it as touching household money (as of 2026-11-01). - Canonical: https://policyrisk.com/state-bill/IL-SB2319-2025-2026 - As of: 2026-11-01 - Plain-text twin of the page above; the HTML and this file carry the same facts. ## Facts - Bill: Illinois SB2319 - State: Illinois - Session: 104th General Assembly (2025–2026) - Title: VIRTUAL CURRENCY CONSUM PROT - Status: signed - Chamber: Senate - Introduced: 2025-02-07 - Last action: 2025-08-18, Public Act . . . . . . . . . 104-0429 - Sponsor: Laura Ellman (Democratic) - Cosponsors: 12 - Subjects: assignments, executive, financial institutions and licensing - Touches household money: yes - Roll calls: 10 (286 yes, 132 no in all) - Economic provisions PRIA read: 11 ## Summary Creates the Virtual Currency Kiosk Consumer Protection Act. Provides that specified information reported to the Department of Financial and Professional Regulation by virtual currency kiosk shall be confidential, except as otherwise provided in the Act. Establishes warning and general terms and conditions disclosure requirements for a virtual currency kiosk operator opening an account for a new customer and prior to entering into an initial transaction for, on behalf of, or with the customer. Requires a receipt to be provided to each customer following a transaction. Requires all virtual currency kiosk operators to have live customer service, as specified; create anti-fraud, enhanced due diligence, and federal and State law compliance policies; designate a compliance officer and a consumer protection officer; and use blockchain analytics software to assist in the prevention of sending purchased virtual currency from a virtual currency kiosk operator to a digital wallet known to be affiliated with fraudulent activity at the time of a transaction; and report the location of each virtual currency kiosk located within this State within 45 days after the end of the calendar quarter. Requires a virtual currency kiosk operator to receive a money transmitter license. Sets forth supervision duties for the Department and the Secretary of Financial and Professional Regulation. ## Bill overview: provisions PRIA read - Refund rights for kiosk scam victims: benefit, medium. Customers tricked by fraud can request refunds from the kiosk operator. New customers get the full amount of up to 3 fraudulent transactions during the new-customer period. That period covers the first 3 transactions or 7 days after account opening, whichever comes first. They must contact the oper… - Capped charges for crypto kiosk customers: benefit, low. Operators cannot charge more than the greater of $5 or 18% of the digital assets’ market value per transaction. The market value is measured when the customer starts the transaction. - Clearer costs and warnings for kiosk customers: benefit, low. Before every transaction, operators must give clear, separate written terms in English and the language mainly used with the customer. Disclosures list asset amounts, dollar charges, charged and market prices, and refund or reversal steps. A bold warning explains that fraud or accidental losses may… - More fraud safeguards and live kiosk help: benefit, low. Operators must offer live help during kiosk hours and display a toll-free number on the kiosk or screen. They must take reasonable steps to prevent fraud and maintain a written anti-fraud policy. Required blockchain software must help prevent transfers to wallets known to be linked to fraud and det… - Daily limits for crypto kiosk customers: cost, medium. Illinois kiosk operators can accept or dispense up to $2,500 per day for a new customer. The daily limit for an existing customer is $10,500. New-customer status lasts for the first 3 transactions or 7 days after account opening, whichever comes first. - Kiosk operators pay state oversight costs: cost, low. Operators pay $150 per hour or partial hour for each assigned examiner or staff member, plus actual examination travel costs. They also pay a share of administration costs exceeding other fees, including prior-year deficits. The first annual assessment uses each operator’s share of total Illinois k… - Registration and application costs for kiosk operators: cost, low. Kiosk operators must register with the Illinois Department of Financial and Professional Regulation unless exempt. Operators already running Illinois kiosks when the law took effect have until July 1, 2027, to register. Applications carry a nonrefundable $5,000 fee and require ownership, management… - Residents gain claims; operators face penalties: mixed, medium. Illinois residents can sue over violations of Sections 25, 30, or 45; winners may receive reasonable attorney fees and court costs. The Secretary can order restitution, deny or suspend registration, revoke it, impose probation, or issue a reprimand. Operators face fines up to $25,000 per offense, o… - Kiosk exemptions and rules against evasion: mixed, low. The law took effect immediately and applies to digital asset kiosks in Illinois. Specified governments, federally insured depository institutions, and credit unions with approved share-account insurance are exempt. Out-of-state credit unions can conduct only activities allowed for Illinois-chartere… - Kiosk operators fund bonds and maintain capital: mixed, low. Operators must continuously maintain a bond equal to the greater of $100,000 or their monthly Illinois kiosk transaction value. Transaction value is based on the most recently completed quarter, and the bond is capped at $2 million. People harmed by a breach of the bond’s terms can sue for payment… - Separate law triggers kiosk oversight repeal: mixed, low. The law sets an event-based repeal for several kiosk oversight provisions, including registration, fees, bonds, capital requirements, and enforcement. The trigger is Senate Bill 1797 of the 104th General Assembly, as amended by House Amendment No. 1, becoming law. The listed sections are repealed o… ## Sponsors and cosponsors - Sponsor: Laura Ellman (Democratic), Senate - Cosponsor: Christopher Belt (Democratic), Senate - Cosponsor: Curtis J. Tarver, II (Democratic), House - Cosponsor: Doris Turner (Democratic), Senate - Cosponsor: Graciela Guzmán (Democratic), Senate - Cosponsor: Karina Villa (Democratic), Senate - Cosponsor: Laura M. Murphy (Democratic), Senate - Cosponsor: Mark L. Walker (Democratic), Senate - Cosponsor: Mary Edly-Allen (Democratic), Senate - Cosponsor: Mattie Hunter (Democratic), Senate - Cosponsor: Mike Porfirio (Democratic), Senate - Cosponsor: Natalie A. Manley (Democratic), House - Cosponsor: Sara Feigenholtz (Democratic), Senate ## Roll call votes | Date | Chamber | Motion | Result | Yes | No | Other | | --- | --- | --- | --- | --- | --- | --- | | 2025-06-01 | Senate | House Floor Amendment No. 1 Senate Concurs | pass | 39 | 18 | | | 2025-05-31 | House | Third Reading - Short Debate - Passed | pass | 81 | 36 | | | 2025-05-31 | Senate | House Floor Amendment No. 1 Motion To Concur Recommended Do Adopt Executive; | pass | 9 | 4 | | | 2025-05-30 | House | House Floor Amendment No. 1 Recommends Be Adopted Financial Institutions and Licensing Committee; | pass | 8 | 4 | | | 2025-05-29 | House | Do Pass / Short Debate Financial Institutions and Licensing Committee; | pass | 8 | 4 | | | 2025-05-28 | House | Motion to Suspend Rule 21 - Prevailed | pass | 73 | 39 | | | 2025-05-22 | Senate | Third Reading - Passed; | pass | 39 | 19 | | | 2025-05-21 | Senate | Senate Floor Amendment No. 3 Recommend Do Adopt Executive; | pass | 9 | 4 | | | 2025-05-08 | Senate | Senate Floor Amendment No. 1 Recommend Do Adopt Executive; | pass | 8 | 3 | | | 2025-04-09 | Senate | Do Pass Executive; | pass | 12 | 1 | | ## Actions (74) - 2025-08-18: Public Act . . . . . . . . . 104-0429 (Senate) - 2025-08-18: Effective Date August 18, 2025 (Senate) - 2025-08-18: Governor Approved (Senate) - 2025-06-30: Sent to the Governor (Senate) - 2025-06-01: Passed Both Houses (Senate) - 2025-06-01: Senate Concurs (Senate) - 2025-06-01: House Floor Amendment No. 1 Senate Concurs 039-018-000 (Senate) - 2025-06-01: 3/5 Vote Required (Senate) - 2025-05-31: House Floor Amendment No. 1 Motion To Concur Recommended Do Adopt Executive; 009-004-000 (Senate) - 2025-05-31: Added as Chief Co-Sponsor Sen. Mattie Hunter (Senate) - 2025-05-31: House Floor Amendment No. 1 Motion to Concur Assignments Referred to Executive (Senate) - 2025-05-31: House Floor Amendment No. 1 Motion to Concur Referred to Assignments (Senate) - 2025-05-31: House Floor Amendment No. 1 Motion to Concur Filed with Secretary Sen. Laura Ellman (Senate) - 2025-05-31: Placed on Calendar Order of Concurrence House Amendment(s) 1 - May 31, 2025 (Senate) - 2025-05-31: Secretary's Desk - Concurrence House Amendment(s) 1 (Senate) - 2025-05-31: Third Reading - Short Debate - Passed 081-036-000 (House) - 2025-05-31: Placed on Calendar Order of 3rd Reading - Short Debate (House) - 2025-05-31: House Floor Amendment No. 1 Adopted (House) - 2025-05-30: House Floor Amendment No. 1 Recommends Be Adopted Financial Institutions and Licensing Committee; 008-004-000 (House) - 2025-05-30: House Floor Amendment No. 1 Rules Refers to Financial Institutions and Licensing Committee (House) - 2025-05-29: Held on Calendar Order of Second Reading - Short Debate (House) - 2025-05-29: Second Reading - Short Debate (House) - 2025-05-29: House Floor Amendment No. 1 Referred to Rules Committee (House) - 2025-05-29: House Floor Amendment No. 1 Filed with Clerk by Rep. Curtis J. Tarver, II (House) - 2025-05-29: Placed on Calendar 2nd Reading - Short Debate (House) - 2025-05-29: Do Pass / Short Debate Financial Institutions and Licensing Committee; 008-004-000 (House) - 2025-05-28: Committee/Final Action Deadline Extended-9(b) May 31, 2025 (House) - 2025-05-28: Motion to Suspend Rule 21 - Prevailed 070-039-000 (House) - 2025-05-28: Motion Filed to Suspend Rule 21 Financial Institutions and Licensing Committee; Rep. Bob Morgan (House) - 2025-05-28: Assigned to Financial Institutions and Licensing Committee (House) - 2025-05-27: Added as Co-Sponsor Sen. Graciela Guzmán (Senate) - 2025-05-23: Added as Co-Sponsor Sen. Laura M. Murphy (Senate) - 2025-05-22: Added Alternate Co-Sponsor Rep. Natalie A. Manley (House) - 2025-05-22: Referred to Rules Committee (House) - 2025-05-22: First Reading (House) - 2025-05-22: Chief House Sponsor Rep. Curtis J. Tarver, II (House) - 2025-05-22: Arrived in House (House) - 2025-05-22: Senate Floor Amendment No. 2 Tabled Pursuant to Rule 5-4(a) (Senate) - 2025-05-22: Third Reading - Passed; 039-019-000 (Senate) - 2025-05-22: Placed on Calendar Order of 3rd Reading (Senate) - 2025-05-22: Senate Floor Amendment No. 3 Adopted; Ellman (Senate) - 2025-05-22: Senate Floor Amendment No. 1 Adopted; Ellman (Senate) - 2025-05-22: Recalled to Second Reading (Senate) - 2025-05-21: Senate Floor Amendment No. 3 Recommend Do Adopt Executive; 009-004-000 (Senate) - 2025-05-21: Added as Co-Sponsor Sen. Sara Feigenholtz (Senate) - 2025-05-21: Senate Floor Amendment No. 3 Assignments Refers to Executive (Senate) - 2025-05-20: Senate Floor Amendment No. 3 Referred to Assignments (Senate) - 2025-05-20: Senate Floor Amendment No. 3 Filed with Secretary by Sen. Laura Ellman (Senate) - 2025-05-20: Senate Floor Amendment No. 2 Assignments Refers to Executive (Senate) - 2025-05-19: Added as Co-Sponsor Sen. Doris Turner (Senate) - 2025-05-16: Senate Floor Amendment No. 2 Referred to Assignments (Senate) - 2025-05-16: Senate Floor Amendment No. 2 Filed with Secretary by Sen. Laura Ellman (Senate) - 2025-05-16: Added as Co-Sponsor Sen. Mike Porfirio (Senate) - 2025-05-15: Added as Co-Sponsor Sen. Mary Edly-Allen (Senate) - 2025-05-15: Added as Co-Sponsor Sen. Christopher Belt (Senate) - 2025-05-09: Rule 2-10 Third Reading Deadline Established As May 23, 2025 (Senate) - 2025-05-08: Senate Floor Amendment No. 1 Recommend Do Adopt Executive; 008-003-000 (Senate) - 2025-05-07: Senate Floor Amendment No. 1 Assignments Refers to Executive (Senate) - 2025-05-07: Senate Floor Amendment No. 1 Referred to Assignments (Senate) - 2025-05-07: Senate Floor Amendment No. 1 Filed with Secretary by Sen. Laura Ellman (Senate) - 2025-04-11: Rule 2-10 Third Reading Deadline Established As May 9, 2025 (Senate) - 2025-04-10: Placed on Calendar Order of 3rd Reading April 11, 2025 (Senate) - 2025-04-10: Second Reading (Senate) - 2025-04-09: Placed on Calendar Order of 2nd Reading April 10, 2025 (Senate) - 2025-04-09: Do Pass Executive; 012-001-000 (Senate) - 2025-04-04: Rule 2-10 Committee Deadline Established As April 11, 2025 (Senate) - 2025-04-03: Postponed - Executive (Senate) - 2025-03-21: Rule 2-10 Committee Deadline Established As April 4, 2025 (Senate) - 2025-03-07: Added as Co-Sponsor Sen. Karina Villa (Senate) - 2025-03-05: Added as Co-Sponsor Sen. Mark L. Walker (Senate) - 2025-03-04: Assigned to Executive (Senate) - 2025-02-07: Referred to Assignments (Senate) - 2025-02-07: First Reading (Senate) - 2025-02-07: Filed with Secretary by Sen. Laura Ellman (Senate) ## Bill text - Engrossed: [PDF](https://www.ilga.gov/documents/legislation/104/SB/PDF/10400SB2319eng.pdf) - Enrolled: [PDF](https://www.ilga.gov/documents/legislation/104/SB/PDF/10400SB2319enr.pdf) - House Amendment 1: [PDF](https://www.ilga.gov/documents/legislation/104/SB/PDF/10400SB2319ham001.pdf) - Introduced: [PDF](https://www.ilga.gov/documents/legislation/104/SB/PDF/10400SB2319.pdf) - Senate Amendment 1: [PDF](https://www.ilga.gov/documents/legislation/104/SB/PDF/10400SB2319sam001.pdf) - Senate Amendment 2: [PDF](https://www.ilga.gov/documents/legislation/104/SB/PDF/10400SB2319sam002.pdf) - Senate Amendment 3: [PDF](https://www.ilga.gov/documents/legislation/104/SB/PDF/10400SB2319sam003.pdf) ## Related bills - HB5198: AFFORDABLE HOUSING-CILAS (passed house) - SB1937: PENSION CODE-VARIOUS (passed senate) - HB2563: CONDO-RESERVE STUDY (in committee) - HB4701: LIMITATIONS FACILITY FEES ACT (in committee) - SB3008: DHS-ABLE PROGRAM INFO MATERIAL (passed senate) - SB3484: VEH CD-PLATES-REGISTRATION (signed) ## Sources - [Engrossed (PDF)](https://www.ilga.gov/documents/legislation/104/SB/PDF/10400SB2319eng.pdf) - [Enrolled (PDF)](https://www.ilga.gov/documents/legislation/104/SB/PDF/10400SB2319enr.pdf) - [House Amendment 1 (PDF)](https://www.ilga.gov/documents/legislation/104/SB/PDF/10400SB2319ham001.pdf) - [Introduced (PDF)](https://www.ilga.gov/documents/legislation/104/SB/PDF/10400SB2319.pdf) - [Senate Amendment 1 (PDF)](https://www.ilga.gov/documents/legislation/104/SB/PDF/10400SB2319sam001.pdf) - [Senate Amendment 2 (PDF)](https://www.ilga.gov/documents/legislation/104/SB/PDF/10400SB2319sam002.pdf) - [Senate Amendment 3 (PDF)](https://www.ilga.gov/documents/legislation/104/SB/PDF/10400SB2319sam003.pdf) ## Related - [HB5198: AFFORDABLE HOUSING-CILAS](https://policyrisk.com/state-bill/IL-HB5198-2025-2026) - [SB1937: PENSION CODE-VARIOUS](https://policyrisk.com/state-bill/IL-SB1937-2025-2026) - [HB2563: CONDO-RESERVE STUDY](https://policyrisk.com/state-bill/IL-HB2563-2025-2026) - [HB4701: LIMITATIONS FACILITY FEES ACT](https://policyrisk.com/state-bill/IL-HB4701-2025-2026) - [SB3008: DHS-ABLE PROGRAM INFO MATERIAL](https://policyrisk.com/state-bill/IL-SB3008-2025-2026) - [SB3484: VEH CD-PLATES-REGISTRATION](https://policyrisk.com/state-bill/IL-SB3484-2025-2026) - [Illinois bills](https://policyrisk.com/states/illinois/bills) - [Illinois state hub](https://policyrisk.com/states/illinois) - [All state legislation](https://policyrisk.com/state-bills) Source: PRIA, https://policyrisk.com/state-bill/IL-SB2319-2025-2026 (as of 2026-11-01).