US Senator Pushes Market Structure Bill That may Tackle Crypto ATM Fraud
Lawmakers eye tighter rules amid rising fraud cases targeting seniors

A top U.S. lawmaker has raised fresh concerns over cryptocurrency ATM scams as Congress moves closer to passing sweeping digital asset legislation. Senator Cynthia Lummis of Wyoming said this week that she and Senator Kirsten Gillibrand want the upcoming Senate market structure bill to address the growing wave of fraud linked to Bitcoin ATMs.
Lummis pointed to a police report from Cheyenne, Wyoming, which documented 50 fraud cases involving crypto kiosks, costing victims—many of them seniors—over $645,000. The FBI has also flagged the issue nationally, reporting more than 11,000 complaints tied to crypto ATMs in 2024 alone, leading to over $246 million in losses.
The Senate Banking Committee is expected to vote on the bill before the end of the month. The legislation aims to create clear rules for crypto regulation and could become law as early as 2026 if approved. While the House of Representatives passed its version, the CLARITY Act, in July, neither that bill nor the current Senate draft directly mentions crypto kiosks. However, Lummis’ comments suggest the Senate could still add provisions targeting ATM fraud.
Fraud through crypto ATMs has already drawn federal and state attention. Earlier this year, Senator Dick Durbin introduced the Crypto ATM Fraud Prevention Act, which would require kiosk operators to issue scam warnings and implement fraud safeguards. That bill stalled in committee. Meanwhile, 13 U.S. states have already passed their own restrictions, ranging from daily transaction limits to mandatory warnings on kiosks. Some cities, like Spokane, Washington, and Stillwater, Minnesota, went as far as banning the machines entirely.
With scams multiplying and lawmakers under pressure, crypto ATMs could soon face stricter rules nationwide as Congress finalizes its landmark digital asset legislation.