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S 710 · 119th Congress

Crypto ATM Fraud Prevention Act of 2025

This bill creates new federal rules to protect people from fraud when they use cryptocurrency ATMs (also called crypto kiosks). Right now, these machines operate with very few safeguards, making them popular targets for scammers who trick people into sending money to criminals. The bill requires crypto ATM operators…

Sponsor
Durbin, Richard J. (D-Illinois)
Introduced
2025-02-25
Policy area
Finance and Financial Sector
Latest action
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S1347-1348; text: CR S1348-1350)

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