Illinois Governor J.B. Pritzker signed two bills aimed at strengthening the regulation of the cryptocurrency market, openly criticizing Donald Trump's 'crypto brothers.' The bills establish strict rules for digital exchanges, implement cybersecurity standards, and measures against fraud. Pritzker stated that the initiatives will protect consumers from speculative schemes related to crypto assets and hinted at a conflict of interest for Trump, whose wealth from the token $TRUMP is estimated at $20 billion.
This step was a response to Trump's ambitions to make the U.S. the 'cryptocurrency capital of the world.' His meme coin $TRUMP, launched in January 2025, faced criticism for its lack of transparency and potential ethical violations. Pritzker emphasized that Illinois will not allow the 'wild west' of the crypto industry to threaten the financial stability of the state.
Experts believe that Illinois' actions could trigger a chain reaction in other states, complicating Trump's plans for liberalizing crypto regulation. The crypto community is divided: some support increased oversight, while others see it as an attack on innovation.
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