Assets
Crypto Deposit
Fiat Deposit
Convert
Transfer
Withdraw
My vouchers
Fund history
Dashboard
Account Security
Identity verification
API Management
Transaction Report
Log out
Register
BTCC / BTCC Square / Global Cryptocurrency /
Illinois Senate Passes Bill to Stem Crypto Fraud and Meme Coin Scams

Illinois Senate Passes Bill to Stem Crypto Fraud and Meme Coin Scams

Global Cryptocurrency
Author:
Global Cryptocurrency
Release Time:
2025-04-11 17:57:02
0
The Illinois Senate has passed Senate Bill 1797, also known as the Digital Assets and Consumer Protection Act, with a vote of 39 to 17. This bill aims to regulate digital asset firms operating in the state in response to a surge in scams and fraud cases, particularly involving meme coins. The new regulatory framework seeks to address how these scam tokens have led to financial losses for investors. The bill grants the Illinois Department of Financial and Professional Regulation authority to oversee digital asset businesses serving state residents.

Exchange for a better future

Products
Services
Guides
About Us
Terms & Agreement
Customer Service

Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

The world’s longest-running cryptocurrency exchange since 2011 © 2011 - 2026 BTCC.com. All rights reserved