{"id":74045,"date":"2026-06-15T03:47:45","date_gmt":"2026-06-15T03:47:45","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/congress-targets-crypto-atms-after-americans-lose-333m-to-scams\/"},"modified":"2026-06-15T03:47:45","modified_gmt":"2026-06-15T03:47:45","slug":"congress-targets-crypto-atms-after-americans-lose-333m-to-scams","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/congress-targets-crypto-atms-after-americans-lose-333m-to-scams\/","title":{"rendered":"Congress Targets Crypto ATMs After Americans Lose $333M to Scams"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Lawmakers introduced a bipartisan bill targeting crypto ATM fraud after reported losses topped $333 million.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Older Americans faced most known-age losses, making senior protections central to the proposal.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Operators could face stricter limits, required warnings, refunds, and expanded state safeguards.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Bipartisan Bill Would Set <span>Crypto<\/span> ATM Limits and Scam Warnings<\/h2>\n<p>U.S. Representatives Mar\u00eda Elvira Salazar (R-FL) and Sean Casten (D-IL) introduced the Stop <span>Crypto<\/span> ATM Scams Act on June 11, Salazar\u2019s office announced. The bipartisan bill would add consumer protections, transparency rules, and law enforcement tools after Americans lost more than $333 million to <span>crypto<\/span> ATM scams in 2025.<\/p>\n<p>FBI data cited in the release showed reported losses rose 33 percent from the previous year. Older Americans carried most of the financial damage in cases where a victim\u2019s age was known, with people age 60 and older accounting for more than 85 percent of losses.<\/p>\n<p>The release stated:<\/p>\n<blockquote>\n<p>\u201cThe Stop <span>Crypto<\/span> ATM Scams Act would establish new safeguards to help prevent fraud, strengthen transparency requirements for <span>crypto<\/span> ATM operators, and provide law enforcement with additional tools to investigate and stop these scams.\u201d<\/p>\n<\/blockquote>\n<p> <span>Crypto<\/span> ATM operators would be required to implement anti-money laundering programs under the bill. They also would have to conduct customer due diligence, report suspicious activity, and maintain transaction and location records.<\/p>\n<p>New transaction limits would apply to both first-time and existing customers. New customers would face a $2,000 daily limit and a $10,000 total deposit limit during their first 14 days, while existing customers would be limited to $7,500 in daily transactions.<\/p>\n<h2> <span>Crypto<\/span> ATM Rules Would Add Refunds, Disclosures, and State Authority<\/h2>\n<p>Operators also would need to provide scam warnings, fraud alerts, and consumer disclosures before transactions are completed. The bill would require clear fee and <a href=\"http:\/\/www.bitcoin.com\/get-started\/a-quick-introduction-to-crypto\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">cryptocurrency<\/a> pricing disclosures, including market price references, and timely refunds of charges collected on fraudulent transactions.<\/p>\n<p>More than 30,000 <a href=\"http:\/\/www.bitcoin.com\/get-started\/a-quick-introduction-to-crypto\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">crypto<\/a> ATMs operate across the United States in <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-gas\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">gas<\/a> stations, convenience stores, and shopping centers. The release said scammers often impersonate banks, government agencies, law enforcement officials, or trusted institutions before pressuring victims to transfer money through the machines.<\/p>\n<p>The release noted:<\/p>\n<blockquote>\n<p>\u201cThe Stop <a href=\"http:\/\/www.bitcoin.com\/get-started\/a-quick-introduction-to-crypto\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">Crypto<\/a> ATM Scams Act builds on those efforts by helping protect seniors from one of the fastest-growing forms of financial fraud and safeguarding the savings they spent a lifetime earning.\u201d<\/p>\n<\/blockquote>\n<p>South Florida\u2019s large senior population was cited as a reason the issue is especially relevant to Salazar\u2019s district. The bill also would preserve state authority by setting federal transaction standards while allowing states to adopt additional fraud safeguards and consumer protections.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/congress-targets-crypto-atms-after-americans-lose-333m-to-scams\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Lawmakers introduced a bipartisan bill targeting crypto ATM fraud after reported losses topped $333 million. Older Americans faced most known-age losses, making senior protections central to the proposal. Operators could face stricter limits, required warnings, refunds, and expanded state safeguards. Bipartisan Bill Would Set Crypto ATM [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":74046,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/74045"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=74045"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/74045\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/74046"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=74045"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=74045"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=74045"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}