May 9, 2025
On, May 9, The Digital Chamber formally submitted a letter of opposition to SB 1797, the “Digital Assets Consumer Protection Act (DACPA)”, currently under consideration in Illinois. While we appreciate the intent to provide regulatory clarity and consumer protections, the bill as written would severely hinder innovation, economic growth, and the long-term competitiveness of the blockchain and digital asset industry in the state.
The Chamber’s letter urges lawmakers to reconsider the proposal’s broad and restrictive provisions, which risk pushing cutting-edge businesses and technology development out of Illinois. As the world’s first and largest blockchain trade association, we remain committed to working collaboratively with policymakers to craft forward-thinking legislation that supports responsible innovation and safeguards consumer interests. We hope that the Illinois legislature will consider the unintended externalities of this legislation and modify it for the benefit of Illinoisans.
The Digital Chamber is the world’s leading trade association representing blockchain and digital asset businesses. Founded in 2014, the organization has been instrumental in shaping policy, educating lawmakers, and driving regulatory clarity to support the responsible growth of the digital asset industry. For more information, visit www.digitalchamber.org.