Illinois HB 5303: DIGITAL ASSETS-VARIOUS

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104TH GENERAL ASSEMBLY 
State of Illinois 
2025 and 2026
HB5303

Introduced 2/10/2026, by Rep. Natalie A. Manley 

SYNOPSIS AS INTRODUCED:

205 ILCS 731/1-5

205 ILCS 731/1-10

205 ILCS 731/15-10

205 ILCS 731/15-15

205 ILCS 731/20-25

205 ILCS 731/20-45

205 ILCS 731/35-15

 Amends the Digital Assets and Consumer Protection Act. Makes changes to defined terms. Provides that the Act does not apply to a person whose digital financial asset business activity with, or on behalf of, residents is reasonably expected to be valued, in the aggregate, on an annual basis at $5,000,000 or less, measured by the United States dollar equivalent of digital financial assets. Requires the Department of Financial and Professional Regulation to approve, conditionally approve, or deny any license application within 120 days after receipt of a completed application. Replaces provisions concerning renewal applications with annual reporting requirement provisions. Provides that the transition period under which covered persons and covered exchanges are not considered in violation of certain provisions ends January 1, 2028 (instead of January 1, 2027). Provides that rules adopted under the Act do not take effect earlier than January 1, 2027 (instead of January 1, 2026). Effective immediately.

LRB104 19433 BAB 32881 b

A BILL FOR

HB5303LRB104 19433 BAB 32881 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 5. The Digital Assets and Consumer Protection Act 

5is amended by changing Sections 1-5, 1-10, 15-10, 15-15, 

620-25, 20-45, and 35-15 as follows:

7 (205 ILCS 731/1-5)

8 Sec. 1-5. Definitions. 

9 (a) As used in this Act: 

10 "Affiliate" means any person