Ellman legislation to establish cryptocurrency protections for consumers

SPRINGFIELD — Continuing protections against consumer fraud and scams for cryptocurrency customers, State Senator Laura Ellman presented legislation that would establish crypto regulations to the Senate Executive Committee during a subject matter hearing Wednesday.

“Illinoisans have lost out on their time, earnings and sense of financial security because of an unregulated financial industry — cryptocurrency,” said Ellman (D-Naperville). “From unregulated crypto ATMs to mobile applications, victims of fraud deserve answers and action. It is time we join other states in protecting consumers with a transparent set of regulations that brings us into the 21^st century.”

Following the rise in bankruptcies by digital asset transactions, other states have taken action to regulate crypto currency in their money transmission laws, including New York, California and Louisiana. Most states have a clear regulatory system specifically for digital asset businesses and regulate cryptocurrency under their money transmission laws, but Illinois currently does not have such protections in place.

Read more: Ellman legislation to establish cryptocurrency protections for consumers

Ellman resolution creates Green Infrastructure Week

SPRINGFIELD – To encourage a statewide effort to adopt environmentally conscious infrastructure practices, State Senator Laura Ellman passed a resolution establishing the week of April 21 through April 27 as Green Infrastructure Week.

“This resolution reminds us all that we can help reduce flooding in our neighborhoods and communities,” said Ellman (D-Naperville). “Rain gardens, permeable pavement, green roofs and rain barrels all slow down water as it moves to and through our storm water systems.”

Senate Resolution 705 is the first measure to encourage construction of green infrastructure in Illinois. The resolution designates the week of April 21-27, 2024 as Green Infrastructure Week to promote an eco-friendly framework in the state to enhance natural areas and biodiversity.

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Ellman passes legislation for Women in Technology Task Force

SPRINGFIELD - To assist in recruiting and retention of women in technology positions, State Senator Laura Ellman passed legislation through the Senate to create the Women in Technology Task Force.

“I am extremely proud of the women in my district who worked so hard to get this legislation drafted,” said Ellman (D-Naperville). “They are passionate about how important parity is in technology, and the risks of when only one group of individuals implements technology that impacts every aspect of modern life.”

Read more: Ellman passes legislation for Women in Technology Task Force

Senate approves legislation led by Ellman to reduce light pollution

SPRINGFIELD – To alleviate the negative impacts light pollution poses on our state’s environment, State Senator Laura Ellman passed a measure out of the Senate to implement responsible outdoor lighting standards.

“We may not immediately think of light as a source of pollution or consider the impacts that artificial light creates,” said Ellman (D-Naperville). “This impact includes migratory birds, nocturnal insects, people who cannot experience a natural night, and our expenditure of resources.”

Read more: Senate approves legislation led by Ellman to reduce light pollution