Illinois
Passage of two bills would undermine growing tech ecosystem in Illinois | Opinion
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Last month, the Illinois General Assembly advanced a sweeping bill that could severely undermine the state’s growing tech ecosystem.
The Digital Assets and Consumer Protection Act (DACPA), while framed as consumer protection, would impose burdensome licensing requirements and broad regulatory authority over hundreds of Illinois startups innovating in blockchain and cryptocurrency.
If signed into law, DACPA would task the Illinois Department of Financial and Professional Regulation (IDFPR) with overseeing one of the most complex and fast-moving sectors in the world.
But IDFPR is still in the midst of modernizing its own processes, relying primarily on paper applications and, just last year, described its own delays as a “crisis.” While IDFPR has launched a new online system, only a handful of the 300+ licenses it oversees have been converted—and full rollout is expected to take more than two years. It’s not feasible to expect the agency will be ready to regulate a cutting-edge, highly technical industry within the year.
Let’s be clear: the blockchain and crypto community supports smart, targeted regulation that protects consumers and holds bad actors accountable. But DACPA misses the mark on several fronts.
First, it gives Illinois consumers a false sense of security. Most crypto scams originate offshore, far beyond the reach of state regulations. DACPA would do little to deter those bad actors—but it would impose significant costs and compliance burdens on legitimate Illinois-based startups who are building real-world tools using blockchain.
Second, the bill’s scope is overly broad. It doesn’t just target centralized exchanges or companies holding crypto on behalf of users, but also attempts to govern students, developers, and entrepreneurs experimenting with decentralized technologies that never interact with consumer funds. This could create a two-tier system where only large, wealthy companies can afford to navigate the complex licensing regime.
That runs contrary to Illinois’ values of equity and opportunity.
Importantly, many of these companies are already subject to extensive oversight. Illinois crypto firms may hold a Money Transmitter License or operate under existing state and federal regulation through agencies like the SEC, CFTC, and DOJ. DACPA introduces new layers of confusion and cost without clear benefit—exactly the kind of regulatory overreach that drives innovation out of state.
We’ve seen this play out before. New York implemented a similar system—the BitLicense—in 2015, approving just over 30 licenses since then. Many crypto companies have opted to geoblock New York residents altogether, stifling access and thwarting innovation. Illinois’ proposed regime is even broader in scope, which means the consequences here could be even more severe.
Now is not the time to over-regulate. With tech companies increasingly reshoring, Illinois should be rolling out the welcome mat—not standing up new barriers. The state has a chance to become a leader in responsible blockchain development, but only if it creates a regulatory framework that is clear, functional, and appropriately scaled to the risk.
Until that happens, lawmakers should reconsider Senate Bill 1797 and House Bill 742.
Katherine Kirkpatrick Bos is board member of the Illinois Blockchain Association and General Counsel of StarkWare, the developer of a cryptographic zero-knowledge proof system that seeks to improve scalability in blockchains. Prior to StarkWare, she was Chief Legal Officer of CBOE Digital, a U.S. regulated exchange and clearinghouse for spot crypto and crypto derivatives markets; and General Counsel of Maple Finance, a capital-efficient corporate debt marketplace which facilitates crypto institutional borrowing via liquidity pools funded by the DeFi ecosystem. She lives in Winnetka.
Illinois
Man found dead after apartment building fire in Cicero, Illinois
A man was found dead after an apartment building fire Monday night in west suburban Cicero.
Around 9:15 p.m., Cicero firefighters responded to a fire in the 1800 block of 51st Avenue, after reports of an explosion in the middle unit of a three-story apartment building, according to a town spokesperson.
The fire was extinguished by about 9:45 a.m. After the fire was put out, firefighters found a man dead in the apartment where the fire started. The victim’s name has not been released.
No one else was in the apartment at the time, and officials said foul play is not suspected.
The people living in the other apartments were displaced, but no one else was injured.
The cause of the fire was under investigation Tuesday morning.
Illinois
Gov. JB Pritzker mulling bill passed by lawmakers to make Illinois a ‘right-to-die’ state
Gov. JB Pritzker on Monday wouldn’t commit to signing legislation narrowly approved by the Illinois General Assembly that would allow terminally ill people to end their own lives with a doctor’s prescription, but he said he’s “deeply” affected by the plight of residents seeking end-of-life options.
The Illinois Senate passed the polarizing bill with a bare-minimum 30-27 majority last week during the waning overnight hours of the Legislature’s fall veto session, leaving Pritzker’s signature as the final hurdle toward granting patients access to life-ending medicine if they have six months or less to live.
Like many other Springfield observers, the Democratic governor said he was surprised to see the bill taken up five months after it passed the Illinois House with just three votes to spare.
“It was something that I didn’t expect and didn’t know was going to be voted on, so we’re examining it even now,” Pritzker said after an unrelated press conference Monday in Glen Ellyn.
“I know how terrible it is that someone who’s in the last six months of their life could be experiencing terrible pain and anguish, and I know people who’ve gone through that. I know people whose family members have gone through that, and so it hits me deeply and makes me wonder about how we can alleviate the pain that they’re going through,” Pritzker said.
Lawmakers in 11 other states and Washington D.C. have passed so-called “right-to-die” legislation, which is opposed by religious leaders including Chicago Cardinal Blase Cupich.
Illinois’ bill, championed by Democratic Aurora state Sen. Linda Holmes, would open the door for people 18 or older with a terminal diagnosis to be prescribed a fatal dose of medicine.
They would have to be assessed by a physician and a mental health professional as being “of sound mind,” and make a series of oral and written requests for the drug, with witnesses attesting.
Doctors would be required to explain other end-of-life care options such as hospice. If prescribed a life-ending drug, patients would administer it themselves. Health care providers wouldn’t be required to participate.
“This is a choice,” Holmes said during Senate floor debate. “If you are opposed to it, whether the reason is moral, religious, you just don’t like the idea — fine. I would never tell you you should choose this option. What I’m saying is, why? Why, if I am facing an illness where I am going to die in pain, do you think you should tell me I don’t have the option to alleviate that pain?”
Holmes, whose parents died of terminal cancer, urged colleagues to “let people make the decision on how their lives are going to end.”
State Sen. Chris Balkema, R-Channahon, denounced the effort “to introduce a culture of death into Illinois.”
“Assisted suicide forces doctors into a role that contradicts their professional ethics. Illinois’ values overall are at stake,” Balkema said. “Whether the Lord chooses to take somebody today or 50 years from now, it shouldn’t be our choice to walk down that slippery slope, only to come back later, to have a future general assembly, open the guardrails and allow more of this.”
Archdiocese leaders of the Catholic Conference of Illinois urged Pritzker “not only to veto this bill in totality, but also to address humanely the reasons why some view assisted suicide as their only option.”
“It defies common sense for our state to enact a 9-8-8 suicide hotline, increase funding for suicide prevention programs and then pass a law that, based on the experience of other jurisdictions, results in more suicide,” Catholic Conference leaders said in a statement.
Bill proponents from the ACLU of Illinois and the nonprofit Compassion & Choices hailed the legislation to ensure “everyone in Illinois has the ability to access all options at the end of life.”
“Our hearts are with the families and individuals who have courageously shared their stories in the effort to advance this legislation. Their honesty and openness will make life better for Illinoisans once the law is implemented,” supporters said in a statement.
Pritzker has two months to consider the bill.
Illinois
2 children among 5 injured in head-on crash in unincorporated Harvard, fire officials say
UNINCORPORATED HARVARD, Ill. (WLS) — Two children were among five people injured in a head-on crash in the north suburbs on Sunday afternoon, officials said.
The Harvard Fire Protection District said first responders were dispatched to the area of Route 14 and Lembcke Road in unincorporated Harvard just after 4 p.m.
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Crews found an SUV and a sedan, which were both heavily damaged, and debris scattered across the roadway.
Two children, who were in the SUV, suffered injuries, fire officials said. One child was airlifted from the scene in serious condition to a Level I trauma center. An ambulance took the other child, who suffered minor injuries, to a local hospital.
One of the injured children was reportedly ejected from their car seat.
Firefighters also worked to free sedan’s driver, who was trapped in his vehicle, officials said. An ambulance transported him to a local hospital in serious condition.
Officials said two other adults, who were in the SUV, suffered moderate injuries and were also taken to a local hospital.
The roadway was closed for nearly 90 minutes in both directions.
The McHenry County Sheriff’s Office is investigating.
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