Crypto ATM operators face new transaction limits after Representatives María Elvira Salazar (R‑FL) and Sean Casten (D‑IL) introduced the Stop Crypto ATM Scams Act on June 11, targeting fraud that has cost victims more than $333 million in 2025.
Key Provisions of the Stop Crypto ATM Scams Act
The legislation proposes caps on single‑transaction amounts, mandatory scam‑warning signage at each kiosk, and a requirement that operators retain detailed transaction logs for a minimum of two years. It also obliges vendors to keep up‑to‑date records of kiosk locations and to provide refunds when fraud is confirmed, thereby enhancing transparency for investors and regulators.
Potential Impact on the Crypto Market and Investors
FBI data indicate that reported losses rose 33 percent from the previous year, with individuals aged 60 and older absorbing over 85 percent of the known‑age damages. By tightening safeguards, the bill aims to shield senior investors and bolster confidence in the broader crypto and blockchain ecosystem, which could stabilize market activity around automated crypto services.