SPRINGFIELD — State Senator Mark Walker’s bill to weed out the bad actors in the digital currency industry would help protect thousands of Illinois consumers from predatory practices and expand digital coin businesses.
“The digital assets industry is an exciting economic opportunity, but it attracts many bad actors,” said Walker (D-Arlington Heights). “This bill would create reasonable guidelines for crypto companies to follow without limiting their growth and opportunity.”
Read more: Walker advances bill to strengthen consumer protections from digital asset fraud
SPRINGFIELD — Through a new bill, State Senator Mark Walker aims to crack down on more than $163 million lost to cryptocurrency fraud in Illinois in 2023.
“The rise of digital assets has opened the door for financial opportunity, but also for bankruptcy, fraud and deceptive practices,” said Walker (D-Arlington Heights). “We must set standards for those who have evolved in the crypto business to ensure they are credible, honest actors.”
Read more: Walker seeks to stamp out cryptocurrency fraud across Illinois
SPRINGFIELD — Correcting an injustice dating back over 170 years, State Senator Mark Walker’s legislation returning state-owned lands to the Prairie Band Potawatomi Nation was signed into law Friday, March 21.
“This landmark legislation puts Illinois on the right side of history — fostering a partnership with Indigenous communities and returning what was wrongfully acquired,” said Walker (D-Arlington Heights). “I have worked with the Prairie Band Potawatomi Nation on this bill since 2018, and today we celebrate this achievement together.”
Read more: Walker-led law returns state land to Prairie Band Potawatomi Nation
SPRINGFIELD – State Senator Mark Walker, an experienced business executive and entrepreneur, will chair the Senate Financial Institutions Committee during the 104th General Assembly.
“Consumers must be protected from predatory business practices,” said Walker (D- Arlington Heights). “We expect our financial institutions to be accountable to the hardworking people of Illinois. At the same time, we must support innovation, health and growth as this industry evolves.”
Walker’s appointment to the position is a testament to his proficiency as an executive in the financial industry. He has over 25 years of experience engaging in regulatory compliance, community reinvestment projects and consulting.
Read more: Walker to chair the Senate Financial Institutions Committee
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