Share this article

Illinois Lawmakers Pass Bill Forming Blockchain Task Force

Lawmakers in Illinois have passed a bill to create an intergovernmental working group that will study public sector applications of blockchain.

Updated Sep 11, 2021, 1:30 p.m. Published Jun 30, 2017, 2:00 p.m.
Abraham Lincoln image via Shutterstock
Abraham Lincoln image via Shutterstock

Lawmakers in the US state of Illinois have passed a bill creating an inter-governmental task force that will study public sector applications of blockchain.

The measure – House Resolution 120 – passed with 98 votes on 28th June, receiving just seven non-votes and two abstentions.

STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters

As reported in February, the bill called for participation from agencies such as the Illinois Department of Financial and Professional Regulation (IDFPR), the Cook County Recorder of Deeds and the Department of Innovation and Technology. Other members will be appointed by Illinois' Secretary of State, as well as leaders from both the state's House and Senate.

Among the specific applications set to be investigated by the task force is the use of the technology for state record-keeping – a use case previously explored in states like Vermont. In that case, though, a group created by local lawmakers ultimately argued against a state-backed blockchain project.

The new Illinois Legislative Blockchain and Distributed Ledger Task Force, as it is called, now has a deadline of 1st January to submit its report to the legislature.

To date, the state has pursed an ambitious blockchain agenda through its Illinois Blockchain Initiative, aimed at envisioning how the tech could be implemented across a range of government services. As part of that investigation, the IDFPR joined the R3 distributed ledger consortium in March.

Illinois officials are also looking to the startup space for ideas. Notably, Saturday, 1st July, marks the first day of the month-long IBI Hack, an educational initiative open to students and recent university graduates.

Lincoln Memorial image via Shutterstock

More For You

Protocol Research: GoPlus Security

GP Basic Image

What to know:

  • As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
  • GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
  • Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.

More For You

Coinbase Sees Crypto Recovery Ahead as Liquidity Improves and Fed Rate Cut Odds Climb

Coinbase

The crypto exchange also took note of a so-called AI bubble that continues to go strong and a weaker U.S. dollar.

What to know:

  • Coinbase Institutional is seeing a potential December recovery in crypto, citing improving liquidity and a shift in macroeconomic conditions that could favor risk assets like bitcoin.
  • The firm's optimism is driven by rising odds of Federal Reserve rate cuts, with markets pricing in a 93% chance easing next week, and improving liquidity conditions.
  • Several recent institutional developments, including Vanguard's crypto ETF policy reversal and Bank of America's greenlighting of crypto allocations, have contributed to bitcoin's rebound from recent lows.