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Bitcoin Depot CEO steps down amid business pressures

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March 25, 2026

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Bitcoin Depot CEO Scott Buchanan has stepped down from his role and turned it over to Alex Holmes. He is also resigning as executive chairman but will retain his role as a board member, according to a report by Decrypt.co.

This change comes amid a lot of pressure on the business, such as Connecticut shutting down its kiosks amid allegations of overcharging and not refunding fraud victims. The crypto ATM industry is also facing regulatory pressures, as Indiana became the first state to ban crypto ATMs entirely.

Holmes told the news outlet that he aims to improve, "operational stability, regulatory progress."