Illinois SB 3743: COMMUNITY BITCOIN RESERVE

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104TH GENERAL ASSEMBLY 
State of Illinois 
2025 and 2026
SB3743

Introduced 2/5/2026, by Sen. Emil Jones, III 

SYNOPSIS AS INTRODUCED:

New Act

 Creates the Community Bitcoin Reserve Act. Contains findings and purpose provisions. Establishes the Community Bitcoin Reserve Program within the Department of Commerce and Economic Opportunity. Provides that the Altgeld Bitcoin Reserve is designated as the first community reserve site, and additional participating communities may be approved by the Department of Commerce and Economic Opportunity. Provides that the State may acquire Bitcoin for the Community Bitcoin Reserve if the acquisition is authorized by the General Assembly and conducted in a budget-neutral manner. Requires all Bitcoin held under the Act to be secured using multisignature cold-storage custody requiring a minimum threshold of approvals. Sets forth further provisions concerning the custody structure of the Bitcoin; transparency and proof-of-reserve reports; community governance; the administration of community programs; the annual program release schedule; tax treatment; restrictions; the sale or transfer of Bitcoin held under the Act; the acceptance of Bitcoin donations; and exemption from liability for the State. Effective immediately.

LRB104 19727 BAB 33177 b

A BILL FOR

SB3743LRB104 19727 BAB 33177 b

1 AN ACT concerning regulation.

2 Be it enacted by the People of the State of Illinois, 

3represented in the General Assembly:

4 Section 1. Short title. This Act may be cited as the 

5Community Bitcoin Reserve Act.

6 Section 2. Legislative findings. The General Assembly 

7finds that:

8 (1) Bitcoin is a scarce digital asset with a fixed 

9 supply of 21 million units and globally verifiable 

10 issuance;

11