Illinois is becoming one of the most crypto-progressive states in the US this year. With House Bill 1844 (HB1844) proposing a state-run Bitcoin reserve and businesses embracing digital assets, Illinois is positioning itself as a leader in blockchain innovation. But what does this mean for the average crypto enthusiast?

Where can you use crypto in Illinois?

Cryptocurrency adoption is booming in Illinois, from businesses accepting Bitcoin to new opportunities in digital entertainment. The state is quickly becoming a hotspot for crypto transactions, and there are many places where you can put your digital coins to work.

One of the options is online gaming and casinos. Crypto games are at the forefront of next-gen gaming, according to crypto expert Kosta Kostadinov. Blockchain-based casino platforms, skill-based games, and NFT-powered gaming experiences have taken off in Illinois. You may have played regular video games–the main difference is that players in crypto games have actual ownership of in-game items and assets. Even if the game stops to exist, you can retain ownership over an item. 

Major retailers, coffee shops, and even fine-dining restaurants are embracing Bitcoin and Ethereum payments. Chicago, in particular, has seen an explosion of crypto-friendly businesses, with at least 200 establishments accepting digital assets as payment.

When it comes to real estates, property transactions using cryptocurrency are increasing, with buyers and sellers leveraging Bitcoin for streamlined purchases and lower fees. 

As for traveling, you can now book travel using Bitcoin and other digital assets. 

Illinois’s bold Bitcoin reserve strategy

One of the most significant developments in 2025 is the proposed Illinois Bitcoin Reserve. HB1844, introduced by Representative John Cabello, aims to establish a state-run Bitcoin fund that will hold BTC as a financial asset for at least five years before allowing any sales or conversions.

This move aligns with a broader trend in the U.S., where states like Texas and Arizona are also pushing for Bitcoin reserves. According to the bill:

“Provides that the State Treasurer shall hold all Bitcoin deposited into the Fund for a duration of at least 5 years from the date that the Bitcoin enters the State’s custody.”

The strategic reserve is being hailed as a “bold step” in integrating Bitcoin into traditional finance. Experts believe it positions Illinois as a leader in blockchain innovation, paving the way for potential future financial independence from federal monetary policies.

Crypto market trends in Illinois

Hovering around $97,420 as of early 2025, Bitcoin remains a dominant asset in Illinois’ crypto economy. Ethereum (ETH) is holding strong at $3,254, while XRP’s recent volatility has sparked debates about its long-term stability. Illinois has one of the highest numbers of Bitcoin ATMs in the country, with over 1,500 machines scattered across major cities. Tesla’s decision to hold $1.19 billion in Bitcoin has inspired Illinois-based corporations to add crypto assets to their balance sheets. New regulations are in place to protect investors while encouraging blockchain startups to establish headquarters in the state.

Crypto mining in Illinois

Beyond adoption and investment, Illinois is emerging as a hub for cryptocurrency mining. With its relatively affordable energy rates and evolving regulations, mining operations are expanding across the state.

Illinois is pushing for sustainable mining practices, encouraging the use of renewable energy sources such as wind and solar power. Companies are investing in energy-efficient mining rigs to reduce their carbon footprint while maximizing profits.

The state government is working on policies to ensure fair energy usage while supporting mining operations. Tax incentives for green mining initiatives are also being explored.

And when it comes to economic impact, crypto mining is creating new job opportunities in Illinois, attracting skilled workers in blockchain technology, cybersecurity, and data management.

Blockchain-based identity verification in Illinois 

In an effort to enhance security, reduce fraud, and streamline user authentication, Illinois is exploring decentralized identity (DID) solutions powered by blockchain technology. Illinois lawmakers are working with tech firms to implement blockchain-based identity verification for government services, banking, and online transactions.

Unlike traditional ID systems, blockchain-based identity verification reduces the risk of identity theft by giving individuals more control over their personal data. Cryptocurrency exchanges and financial institutions in Illinois are testing blockchain-powered Know Your Customer (KYC) procedures, allowing for quicker and more secure onboarding of users.

The future of crypto in Illinois

While Illinois is leading the charge with its Bitcoin reserve, the state also has long term visions. For instance, lawmakers are exploring tax benefits for blockchain startups to encourage economic growth. Government agencies are testing blockchain applications for transparency and efficiency, so very soon you can expect blockchain to be integrated into the public sector. And when it comes to education and workforce development, universities in Illinois are expanding blockchain and fintech programs to meet the growing demand for skilled professionals in the industry.