§ 20-50 — Enforcement actions

(a) As used in this Article, "enforcement action" means an action including, but not limited to, all of the following: (1) Suspending or revoking a registration under this Act. (2) Ordering a person to cease and desist from doing digital asset business activity with or on behalf of a resident. (3) Requesting the court to appoint a receiver for the assets of a person doing digital asset business activity with or on behalf of a resident. (4) Requesting the court to issue temporary, preliminary, or permanent injunctive relief against a person doing digital asset business activity with or on behalf of a resident. (5) Assessing a civil penalty under Section 20-70. (6) Recovering on the security under Section 20-5 and initiating a plan to distribute the proceeds for the benefit of a resident injured by a violation of this Act, or law of this State other than this Act that applies to digital asset business activity with or on behalf of a resident. (7) Imposing necessary or appropriate conditions on the conduct of digital asset business activity with or on behalf of a resident. (8) Seeking restitution on behalf of a resident if the Department shows economic injury due to a violation of this Act. (b) The Department may enter into a consent order with a person regarding an enforcement action. (c) This Section does not provide a private right of action to a resident, provided this Section does not preclude an action by a resident to enforce rights under Article 5 or subsection (a) of Section 20-5.

Legislative History

(Source: P.A. 104-428, eff. 8-18-25.)