Security

US House intros Stop Crypto ATM Scams Act

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June 17, 2026

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Republican Rep. Maria Elvira Salazar of Florida and Democratic Rep. Sean Casten of Illinois introduced a bipartisan Stop Crypto ATM Scams Act in the House of Representatives. This act would establish guidelines to prevent fraud and put in place transaction limits, according to a press release.

This bill aims to address the rise in crypto ATM scams, which account for more than $333 million in losses in 2025 according to data from the FBI. Under the Act, crypto ATMs would cap new customers to $2,000 for daily and $10,000 in total deposits during first 14 days in use, while existing customers would have $7,500. Other dictates include:

Require scam warnings.
Ensure crypto ATM operators report suspicious activity.
Require operations to disclose fees and pricing.
Establish a federal standard for transaction limits.

"My constituents have lost devastating sums of money to crypto-enabled fraud. Local banks and credit unions in my community are doing everything within their limited authority to stop these scams before they happen," Rep. Sean Casten said in the release. "Crypto ATMs offer criminals a quick and easy way to prey on seniors and steal their hard-earned money. Congress can address these abuses by requiring enhanced consumer protections, mandating clear scam warnings and robust disclosures, and applying the same anti-money laundering rules and fraud prevention measures that other crypto firms, banks and credit unions must comply with. This bill builds on strong action taken at the state level, including in Illinois, to crack down on crypto ATM scams."