IL SB3672

Authorizes Illinois local governments and public agencies to invest up to 5% of public funds in Bitcoin-related financial instruments, including Bitcoin ETFs, stocks of companies holding at least 25% of assets in digital currencies, and Bitcoin bonds.

All qualifying investments must be listed on national securities exchanges registered with the SEC or be SEC-approved.

Public agencies making digital asset investments must include a summary of investment performance and allocation in their annual financial report submitted to the Illinois Comptroller.

The Comptroller may issue nonbinding guidance within 180 days of the Act's effective date to help public agencies evaluate and report on these investments.

Creates the Local Government Digital Asset Investment Act and amends the Public Funds Investment Act to add digital assets to authorized investment options for municipalities, counties, and other governmental units.