IL HB5621

Establishes the Community Bitcoin Reserve Program within the Department of Commerce and Economic Opportunity, designating the Altgeld Bitcoin Reserve in Altgeld Gardens as the first community reserve site in the nation

Requires all Bitcoin held to be secured using multisignature cold-storage custody with multiple independent keyholders, including community representatives, and prohibits any single entity from having unilateral control

Mandates a minimum 5-year holding period before any Bitcoin can be released, with annual releases thereafter capped at 0.21 Bitcoin or 1% of total holdings, whichever is less, exclusively for community programs

Prohibits Bitcoin from being traded, loaned, leveraged, pledged as collateral, or used in speculative activities; sale or liquidation requires a future act of the General Assembly

Requires quarterly proof-of-reserve reports and annual independent audits submitted to the Comptroller for public posting, with the State exempt from liability for custodian failures or cybersecurity incidents