Sec. 35-15. Transition period.
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/il/chapter-205/act-731/35-15A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 35-15. Transition period.
(a)A covered person engaging in digital asset business activity without a registration under this Act shall not be considered in violation of Section 15-5 or 5-25 until July 1, 2027.
(b)A covered person engaging in digital asset business activity shall not be considered in violation of Sections 5-5, 5-10, and 5-20 until January 1, 2027.
(c)A covered exchange shall not be considered in violation of Section 5-15 until January 1, 2027.
(d)Notwithstanding the foregoing, the Department may adopt rules pursuant to this Act upon this Act becoming law with such rules not to take effect earlier than January 1, 2026.".