Bipartisan Bill Seeks to Stem $333M Crypto ATM Scam Tide

U.S. lawmakers have introduced a bipartisan bill aimed at curbing crypto ATM scams after Americans lost more than $333 million to such schemes in 2025.

The Stop Crypto ATM Scams Act, sponsored by Representatives María Elvira Salazar (R-FL) and Sean Casten (D-IL), would set transaction limits, mandate scam warnings, and require operators to maintain records of transactions and kiosk locations.

Crypto ATM operators would be required to implement anti-money laundering programs, conduct customer due diligence, report suspicious activity, and provide clear fee and cryptocurrency pricing disclosures.

The bill targets the estimated 30,000 crypto ATMs operating across the United States in gas stations, convenience stores, and shopping centers, where scammers often impersonate banks or government agencies to pressure victims into transferring money through the machines.