Illinois
Passage of two bills would undermine growing tech ecosystem in Illinois | Opinion
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Trump has blurred traditional lines, seeking personal wealth through crypto, real estate, Truth Social and branded merchandise during his presidency.
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
Over 81K deer harvested in Illinois firearm deer season
SPRINGFIELD, Ill. (KWQC) – Early numbers show more than 81,000 deer were harvested during Illinois’ firearm deer season this year.
Officials said preliminary totals show 91,225 deer were harvested during the seven-day season that ended on Dec. 7, according to a news release.
This is down from the 82,496 deer harvested during the firearm season last year, officials said.
Local firearm deer season totals:
- Rock Island County: 728
- Whiteside County: 699
- Jo Davies County: 1,336
- Knox County: 1,057
- Henry County: 572
- Mercer County: 873
- Warren County: 516
- Bureau County: 909
Copyright 2025 KWQC. All rights reserved.
Illinois
Bears again expand stadium search, including outside Illinois
CHICAGO — Three days before hosting their biggest game at Soldier Field in years, the Chicago Bears are exploring moving outside the city for which they are named.
In an open letter to fans Wednesday evening, team president and CEO Kevin Warren said the Bears will explore other locations — including outside of Cook County, where the team owns a 326-acre property in Arlington Heights, Illinois — to build a domed stadium.
That includes moving the Bears out of Illinois altogether.
“In addition to Arlington Park, we need to expand our search and critically evaluate opportunities throughout the wider Chicagoland region, including Northwest Indiana,” Warren said. “This is not about leverage. We spent years trying to build a new home in Cook County. We invested significant time and resources evaluating multiple sites and rationally decided on Arlington Heights.
“Our fans deserve a world-class stadium. Our players and coaches deserve a venue that matches the championship standard they strive for every day. With that in mind, our organization must keep every credible pathway open to deliver that future.”
Illinois Gov. JB Pritzker pushed back against a potential move of the team out of the state.
“Suggesting the Bears would move to Indiana is a startling slap in the face to all the beloved and loyal fans who have been rallying around the team during this strong season,”Pritzker spokesperson Matt Hill said in a statement. “The Governor’s a Bears fan who has always wanted them to stay in Chicago. He has also said that ultimately they are a private business.”
The Bears purchased the Arlington Park property that formerly housed the Arlington International Racecourse for $197 million in 2023, shortly before Warren replaced Ted Phillips as team president and CEO. The Bears proposed building a 60,000-seat fixed-roof stadium within a $5 billion mixed-use development.
Not long after closing on the land in Arlington Heights, the team began exploring options for a new stadium site when it announced its plans to build at the Arlington Park site were “at risk” as negotiations over property taxes reached a $100 million impasse.
Shortly before the 2024 draft, the Bears shifted their focus to building their new stadium on the lakefront south of Soldier Field and announced they would invest more than $2 billion in private money into the construction and development of the stadium and surrounding areas.
Although the team has maintained that the construction of a new stadium will be privately funded, concerns over the burden placed on taxpayers to fund the infrastructure around the stadium led to an impasse. That led the Bears to explore Arlington Heights once again as an option, which Warren announced during league meetings in April. Ahead of the Bears’ home opener against theMinnesota Vikingson Sept. 8, Warren released a letter to fans, saying the team’s sights were set on building in Arlington Heights. He has said throughout the year that the goal was to break ground before the end of 2025.
However, the Bears have been in a battle with lawmakers over tax breaks and securing $855 million in public funding for costs related to building the new stadium.
“We have not asked for state taxpayer dollars to build the stadium at Arlington Park,” Warren said. “We asked only for a commitment to essential local infrastructure [roads, utilities, and site improvements], which is more than typical for projects of this size. Additionally, we sought reasonable property tax certainty to secure financing. We listened to state leadership and relied on their direction and guidance, yet our efforts have been met with no legislative partnership.”
The Bears’ current lease at Soldier Field runs through 2033. On Saturday night, the 10-4 Bears will host the Green Bay Packers in a high-stakes meeting that will heavily determine Chicago’s path to the postseason.br/]
Copyright © 2025 ESPN Internet Ventures. All rights reserved.
Illinois
Last-minute gifts made in Illinois, local small businesses
Wednesday, December 17, 2025 6:44PM
CHICAGO (WLS) — There’s still time to get a gift under the tree that is made in Illinois.
ABC7 Chicago is now streaming 24/7. Click here to watch
The Illinois Office of Tourism is out with its “Illinois-Made Holiday Gift Guide.”
Seventeen small businesses from across the state are featured.
From soap, to popcorn, to fudge and coffee, there are some great ideas.
Kribi Coffee Air Roastery, Garrett Popcorn Shops, The Fudge Pot and Soapy Roads are some of the brands featured in the list.
To see the full guide, click here.
Copyright © 2025 WLS-TV. All Rights Reserved.
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