Cryptocurrency and AI industries tested their influence in Illinois. It didn’t go that well - AP News

Cryptocurrency and artificial intelligence industry groups attempted to influence Illinois state policy but faced setbacks in their legislative agenda. The industries, which have grown rapidly in recent years, sought favorable regulatory treatment and tax incentives from state lawmakers. Their efforts failed to gain significant traction, reflecting broader skepticism in state capitals about whether tech sectors should receive special treatment or lighter regulation. The defeat underscores the challenges wealthy industries face when pushing state-level policy agendas, particularly when they lack deep-rooted political infrastructure in a state. The outcome suggests that despite their economic clout, crypto and AI companies cannot automatically translate financial resources into legislative wins.