Creates the Digital Assets and Consumer Protection Act. Provides that the Department of Financial and Professional Regulation shall regulate digital asset business activity in the State. Sets forth provisions concerning: applicability; the powers and duties of the Department; funds; customer protections; custody and protection of customer assets; covered exchanges; compliance; registration; supervision; records; additional procedural provisions; confidentiality; violations; enforcement; rulemaking authority; and severability. Creates the Special Purpose Trust Company Article in the Corporate Fiduciary Act. Sets forth provisions concerning certificates of authority; rulemaking and organization; certificates of authority for foreign corporate fiduciaries; eligibility; fees; and certificates of reciprocity. Makes other changes to various Acts. Effective immediately.

Statutes affected:
Introduced: 5 ILCS 140/7, 30 ILCS 105/5, 205 ILCS 5/2, 205 ILCS 5/30, 205 ILCS 620/1, 205 ILCS 620/2, 205 ILCS 620/4, 205 ILCS 620/5, 815 ILCS 505/2