SB 2979 overturned the damage-limiting case law and modernized written releases — making Illinois the state where biometric onboarding decisions are litigation decisions.
The D.C. Circuit's October 2024 ruling and the Commission's 2025 retreat left event contracts lawful at listed venues — and moved the action to market-integrity supervision.
The high-risk obligations apply from August 2, 2026, and banks deploying creditworthiness AI owe a fundamental-rights impact assessment most have not started writing.
The 2015 licensing regime keeps the tightest crypto perimeter in American finance, and its 2023 amendments moved the daily workload to listing and custody governance.