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Delaware Advances Bill to Ban ‘Predatory’ Bitcoin ATMs
Delaware lawmakers on Tuesday voted to advance House Bill 441, legislation that would establish a total ban on cryptocurrency kiosks throughout the state.
The bill's sponsors framed the ban as necessary consumer protection against “predatory” practices.
Representative Cyndie Romer, Chair of the House Technology & Telecommunications Committee and sponsor of the legislation, argued that "these kiosks reduce digital currency to a predatory cash grab," highlighting the stark fee disparities between crypto ATMs and traditional exchanges.
"Regular crypto traders generally do not use crypto ATMs due to their much higher fees, which can be upwards of 20% of the value of the transaction, versus the 0.4% to 1% in fees for online exchanges,” Romer said, adding that, “There is no reason to support a business structure that enables scammers to extort money from our most vulnerable populations."
Crypto ATM regulations move quickly through NC House with concessions to industry
A crypto ATM in a convenience store in Miami, FL. Supporters of consumer protection rules for cryptocurrency kiosks say more than half the victims of crypto scammers are over 60. (Photo: Joe Raedle/Getty Images)
A proposal to regulate the growing cryptocurrency ATM industry in North Carolina was fast-tracked through the state House Tuesday, but not without some concessions to the industry.
Cryptocurrency kiosks are ATMs that allow a user to convert currency to blockchain cryptocurrency. They’re currently unregulated in North Carolina, and they’re often used in criminal scams because cash converted to crypto can’t be traced or retrieved.
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Salazar, Casten Introduce Bipartisan Bill to Protect Seniors from Financial Fraud and Crypto ATM Scams
WASHINGTON, D.C. — Today, U.S. Representatives María Elvira Salazar (R-FL-27) and Sean Casten (D-IL-06) introduced the Stop Crypto ATM Scams Act, bipartisan legislation to strengthen consumer protections, combat fraud, and help ensure that criminals using cryptocurrency ATMs to target seniors and other vulnerable Americans are held accountable.
According to the FBI, Americans lost more than $333 million to crypto ATM scams in 2025, a 33 percent increase from the previous year. Older Americans are disproportionately affected. In reported cases where a victim's age was known, individuals age 60 and older accounted for more than 85 percent of losses linked to crypto ATM fraud.
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