SPRINGFIELD — According to a recent Pew Research poll, 63% of adult Americans have little to no confidence in the reliability and safety of crypto. Stronger consumer protections and greater consumer trust for those using digital coin are one step closer to becoming reality in Illinois thanks to State Senator Mark Walker.
“Illinois consumers need a safe environment to feel confident in engaging in this new digital market,” said Walker (D-Arlington Heights). “This legislation would build the bridge to promote trust between digital currency companies and consumers.”
House Bill 742 — identical to Walker’s Senate Bill 1797 introduced this session — outlines what requirements digital asset companies must have to operate in Illinois. Also known as the Digital Assets and Consumer Protection Act, House Bill 742 would create requirements for consumer disclosures, proof of financial fitness and procedures for digital coin companies that create a safe digital environment.
Read more: Walker measure prioritizing digital consumer protection one step closer to law
SPRINGFIELD – Food deserts are areas with low access to affordable and nutritious food, disproportionately affecting low income communities. State Senators Chris Belt and Paul Faraci obtained relief for two food deserts in their communities with the Illinois Grocery Initiative Grant.
“I’m thrilled to see the continued success and impact of the Illinois Grocery Initiative,” said Belt (D – East St. Louis). “This funding is essential to ensuring every family in Illinois has reliable access to healthy food while also helping the state work towards the goal of eliminating food deserts.”
SPRINGFIELD – State Senator Willie Preston is leading legislation to provide formerly incarcerated individuals resources to acclimate the person to life outside of a correctional facility.
“By providing resources to formerly incarcerated individuals, we are giving them a chance to succeed, empower and uplift their communities,” said Preston (D-Chicago). “We must treat all Illinoisans with respect and give them a chance to succeed regardless of their background.”
Read more: Preston bill to provide formerly incarcerated individuals with a pathway to society
SPRINGFIELD – In response to the growing trend of bullying that uses artificial intelligence to create and distribute sexually explicit materials, State Senator Meg Loughran Cappel passed a bill through committee that further expands the definition of cyberbullying and addresses the use of bullying by artificial intelligence in the school code.
“With artificial intelligence on the rise, we are seeing a lot more cyberbullying scenarios that deal with altered, harmful images,” said Loughran Cappel (D-Shorewood). “It’s essential for our students and families to know that although there may be good uses for AI, it can also be a harmful tool and there will be consequences for students if it’s used inappropriately.”
Read more: Loughran Cappel works to crack down on cyberbullying via AI technology
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