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U.S. Bill Targets Crypto ATM Scams After $333M in Losses
Bipartisan Stop Crypto ATM Scams Act would cap daily deposits at $2,000 for new users, mandate scam warnings, and require AML programs after FBI data showed $333M in 2025 losses, with seniors over 60 bearing 85% of the damage.
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Lawmakers introduced a bipartisan bill on June 11 that would cap daily deposits at crypto ATMs, require scam warnings before transactions, and force operators to keep detailed transaction and location records. The Stop Crypto ATM Scams Act, from Representatives María Elvira Salazar (R-FL) and Sean Casten (D-IL), follows FBI data showing Americans lost more than $333 million to crypto ATM scams in 2025.
Reported losses rose 33 percent from the prior year. People 60 and older accounted for more than 85 percent of losses in cases where a victim's age was known, according to the FBI data cited in the bill's announcement.
"The Stop Crypto ATM Scams Act would establish new safeguards to help prevent fraud, strengthen transparency requirements for crypto ATM operators, and provide law enforcement with additional tools to investigate and stop these scams," the release said.
New customers would face a $2,000 daily deposit limit and a $10,000 total cap during their first 14 days. Existing customers would be limited to $7,500 in daily transactions. Operators would need to run anti-money laundering programs, conduct customer due diligence, and report suspicious activity.